Stock market surges with tech stocks leading the way, housing market continues to show strength.

From Barchart: 2024-12-04 14:23:52

In the latest news, the stock market saw a surge as the Dow Jones Industrial Average rose by 200 points, hitting a new record high. The S&P 500 and Nasdaq also experienced gains, with tech stocks leading the way. Investors are optimistic about the economy’s recovery and the potential for strong corporate earnings.

Meanwhile, the housing market continues to show strength, with home prices increasing by 13.2% in the past year. Low mortgage rates and high demand are driving the market, with many buyers eager to take advantage of the favorable conditions. However, the lack of inventory is a concern for potential homebuyers looking for affordable options.

On the global front, China’s economy grew by 18.3% in the first quarter of 2021, surpassing expectations. This rapid growth is driven by strong industrial output and a rebound in consumer spending. However, concerns remain about rising debt levels and the impact of trade tensions with the US on China’s economic outlook.

In other news, the Federal Reserve announced its decision to keep interest rates near zero and maintain its bond-buying program to support the economy. Fed Chair Jerome Powell emphasized the central bank’s commitment to fostering maximum employment and stable prices, while acknowledging the progress made in the recovery but noting that challenges remain.



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