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As home prices fall, Southern Californians who bought at the high are nervous

As home prices fall, Southern Californians who bought at the high are nervous

Christine and Michael Hawkins in their recently purchased condo in Canoga Park. The Hawkins took out a mortgage at the peak of their budget and planned to refinance when rates fell. Now they fear that they will not be able to refinance. (Mel Melcon/Los Angeles Times) Soaring mortgage interest rates threatened to crush Michael and …

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As home prices fall, Southern Californians who bought at the high are nervous

As home prices fall, Southern Californians who bought at the high are nervous

Soaring mortgage interest rates threatened to crush Michael and Christine Hawkins’ dream of home ownership. But this fall, when the couple saw a Canoga Park condo languishing on the market, they hatched a plan. They would submit a “low ball” offer that they could accept if they reduced their vacations, shopping and dining out. In …

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GLOBAL MARKETS - Stocks fall, yields rise as inflation data sends mixed signals

GLOBAL MARKETS – Stocks fall, yields rise as inflation data sends mixed signals

(Add comment, US markets close) * U.S. producer prices rise in November * Rate hike worries keep Wall Street under wraps * Crude prices set for 10% weekly loss By Herbert Lash and Carolyn Cohn NEW YORK/LONDON, Dec 9 (Reuters) – Treasury yields rose and Wall Street stocks fell on Friday after U.S. producer price …

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Stocks fall as PPI surprise boosts Treasury yields: Markets close

Stocks fall as PPI surprise boosts Treasury yields: Markets close

(Bloomberg) – Stocks tumbled as data showing persistently high inflation bolstered speculation that the Federal Reserve will maintain tighter monetary policy for longer – even if authorities decide to slow the pace of increases next week, as recently reported. Bloomberg’s Most Read The S&P 500 pushed toward a weekly slide after a warmer-than-expected producer price …

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Stocks and bond yields fall as US data clouds Fed rate outlook

Stocks and bond yields fall as US data clouds Fed rate outlook

Wall Street extends losses as recession worries mount Crude oil at lowest since January Bank of Canada signals slowing pace of rate hikes China eases COVID rules but imports and exports slump http://tmsnrt.rs/2yaDPgn NEW YORK/MILAN, Dec 7 (Reuters) – Global stocks fell further and Treasury yields fell on Wednesday as U.S. worker productivity data beat …

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Stocks mixed as China Covid-19 subsides

Stocks continue to fall after market sell-off

The Dow Jones Industrial Average fell on Wednesday as major stock indexes threatened to fall again after back-to-back selloffs in stock markets on Monday and Tuesday. Shares of Apple and Tesla traded sharply lower after the market opened. X Sports + Outdoors Academy (ASO), MongoDB (MDB), discount retailer Ollie’s Market Electrical outlets (OLLI), Thor Industries …

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Live stock market news updates: Stocks fall after Monday's market rout

Live stock market news updates: Stocks fall after Monday’s market rout

U.S. stocks fell Tuesday morning as investors digest the new trade balance readings from October and await the results of the Georgia Senate runoff election. The S&P 500 (^GSPC) fell 0.9%, while the Dow Jones Industrial Average (^DJI) edged down 0.4%. The tech-heavy Nasdaq Composite (^IXIC) fell 1.4%. Wall Street sought to recover from a …

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Live stock market news updates: Stocks fall after Monday's market rout

Live stock market news updates: Stocks fall after Monday’s market rout

U.S. stocks fell Tuesday morning as investors digest the new trade balance readings from October and await the results of the Georgia Senate runoff election. The S&P 500 (^GSPC) fell 0.9%, while the Dow Jones Industrial Average (^DJI) edged down 0.4%. The tech-heavy Nasdaq Composite (^IXIC) fell 1.4%. Wall Street sought to recover from a …

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Stocks set to fall in first half of 2023 before markets improve

Stocks set to fall in first half of 2023 before markets improve

The outlook for 2023 is a bit better for equities, but the first half looks downright ugly. Wall Street strategists reveal their outlook for next year. There is a somewhat mixed opinion that the first half could be particularly difficult, with the market possibly testing its October lows. Then there is an early recovery in …

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