Tuesday’s Midday Movers: 3 Stories Driving Markets
The major U.S. stocks were dropping again Tuesday. As of noon:
|DIJA: -0.59% to 15519.26||S&P 500: -0.56% to 1697.65||NASDAQ: -0.69% to 3667.59|
|Gold: -4.94% to 67.75||Oil: -1.04% 24.769||U.S. 10-Year: +0.57% to 26.55|
Here are three stories helping shape the market Tuesday afternoon.
1. Is the Real Estate Market Still Posting Record-Breaking Price Gains? With the help of historically low mortgage rates and inventory levels, the real estate market continues to post impressive price gains.
In June, home prices across the nation increased on a year-over-year basis for the 16th consecutive month. According to CoreLogic, a leading property information and analytics provider, home prices jumped 11.9 percent in June from a year earlier. Compared to May, CoreLogic’s home price index gained 1.9 percent last month, and the firm predicts home prices will log another double-digit increase in July… (Read more.)