Shares of global giants Tesla, Apple, and Caterpillar, all of which have a substantial presence in China, are facing a decline following the release of discouraging economic statistics. According to figures unveiled by the National Bureau of Statistics on Wednesday, China's gross domestic product (GDP) increased by 5.2% in the fourth quarter of 2023. Although surpassing the … [Read more...] about Key Global Companies Experience Decline in Stocks Amid Disappointing Economic Data
Economic Data
U.S. Stocks Set to Rise as Tech Earnings Take the Stage
U.S. stocks are expected to see a boost on Monday as major technology companies gear up to release their earnings reports. The market is anticipating an active week, with nearly a third of S&P 500 companies scheduled to share their financial results. Oil Prices Take a Dip Crude oil futures experienced a slight decline, with West Texas Intermediate (WTI) falling by 0.3% to … [Read more...] about U.S. Stocks Set to Rise as Tech Earnings Take the Stage
Mortgage Rates Decline, But Buyers Remain on the Sidelines
Mortgage rates have seen a slight decrease this week, although it may not be enough to entice buyers into the market. The trajectory of mortgage rates going forward will likely depend on economic data that will be released next week. According to Freddie Mac, the average 30-year fixed-rate mortgage was 7.12% during the week ending on Thursday, September 7. This marks the second … [Read more...] about Mortgage Rates Decline, But Buyers Remain on the Sidelines
