Cash News
All three of the major indexes (^DJI,^GSPC, ^IXIC) are on the rise after initial claims data gave investors hope the economy wasn’t cooling as much as feared. For the week ending August 3, there were 233,000 initial jobless claims filed. That’s down from 250,000 the prior week and less than the 240,000 economists had been expecting. There is good news for prospective homebuyers. The average rate for a 30-year fixed-rate mortgage has fallen to 6.47% from 6.73% the prior week, according to Freddie Mac data. That’s the lowest level in more than a year. Trending tickers on Yahoo Finance include Dutch Bros. (BROS), Eli Lilly (LLY), and Warner Bros. Discovery (WBD).
Key guests include:
3:05 p.m. ET – Eric Diton, The Wealth Alliance President and Managing Director
3:20 p.m. ET – Kate Johnson, Lumen Technologies CEO
4:10 p.m. ET – Steve Odland, The Conference Board CEO and President
4:40 p.m. ET – Keyvan Mohajer, Soundhound AI Co-Founder & CEO