Wondering what to do with extra cash, whether it’s $1,000 or $10,000? Consider investing smartly rather than leaving it in a savings account. Financial gurus like Dave Ramsey and Mark Cuban suggest creating an emergency fund and paying off high-interest debt before exploring other investment options. Treasury bills and diversified holdings are popular choices for investing. Forbes recommends tax-advantaged accounts like 401(k)s and IRAs for long-term growth. 1. The stock market experienced a significant drop today, with the S&P 500 falling by 2.5% and the Dow Jones Industrial Average dropping by 800 points. This decline was attributed to concerns over rising inflation and the potential impact on economic growth.

2. In other news, the latest report on jobless claims showed a decrease of 20,000 claims last week, bringing the total number of claims to 320,000. This marks the lowest level of jobless claims since the start of the pandemic, indicating a positive trend in the labor market.

3. The housing market continues to show strength, with home prices rising by 12% in the past year. This increase is driven by high demand and low inventory, making it a seller’s market. Experts predict that prices will continue to rise in the coming months, barring any unforeseen economic downturns.

Read more at Yahoo Finance: The Best Uses for $1,000, $5,000 and $10,000 in Cash Today