Positive
From Nasdaq: 2024-12-21 09:42:00
September 2024.
In other news, the latest unemployment numbers show a decrease in jobless claims, with only 320,000 new claims filed last week. This marks a significant improvement from the previous week and indicates a positive trend in the job market.
Meanwhile, the housing market continues to boom, with home prices rising by 15% nationwide. This surge in prices is driven by high demand and low inventory, making it a seller’s market. Experts predict this trend will continue in the coming months.
On the international front, tensions are rising between two major world powers. The United States and China are engaged in a trade dispute over tariffs and intellectual property rights. This conflict has the potential to impact global markets and trade relations.
Lastly, the Federal Reserve is closely monitoring inflation rates, which have been steadily increasing. With prices rising across various sectors, the Fed may consider adjusting interest rates to curb inflation. This decision could have far-reaching effects on the economy and financial markets.
Read more at Nasdaq: Rivian: Buy, Sell, or Hold?