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Alex Veiga, Associated Press

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Alex’s Recent Stories

Economy Jan 17

Stocks edge lower on Wall Street amid uncertain trading

Stocks edged mostly lower in uncertain trading on Wall Street to kick off a holiday-shortened, but earnings-heavy week.

Economy Dec 16

Wall Street loses ground amid recession talks, marking 2nd straight weekly loss

Stocks ended lower on Wall Street as worries grow that the Federal Reserve and other central banks are willing to bring on a recession if that's what it takes to get inflation under control.

Economy Dec 05

U.S. stocks slide as investors weigh economic data, continued inflation fight

Stocks are broadly lower on Wall Street as investors weigh a surprisingly good economic report that highlights the Federal Reserve's difficult fight against high inflation.

Economy Nov 23

Average long-term U.S. mortgage rate lowers to 6.58 percent

The average long-term U.S. mortgage rate edged lower for the second time in as many weeks, though it remains more than double what it was a year ago — a significant hurdle for many would-be homebuyers.

Economy Oct 28

Strong corporate earnings drive another week of Wall Street gains

Technology stocks led a broad rally on Wall Street Friday, capping another strong week for the market, as investors welcomed solid profits from Apple and other companies.

Economy Oct 27

U.S. mortgage rates hit 20-year high, top 7 percent after Fed hikes

Average long-term U.S. mortgage rates topped 7% for the first time in more than two decades this week, a result of the Federal Reserve's aggressive rate hikes intended to tame inflation not seen in some 40 years.

Economy Oct 13

After rocky morning, stocks mount biggest comeback in years

The S&P 500 jumped to a gain of 2.6 percent, a stunning reversal after earlier being down as much as 2.4 percent and touching its lowest level in nearly two years.

Economy Aug 26

Dow Jones drop 3 percent after Fed Chair Powell warns interest rates to stay high

Stocks closed sharply lower after the head of the Federal Reserve dashed Wall Street's hopes that it may soon ease up on high interest rates in its effort to tame inflation.

Economy Jul 21

High mortgage rates, prices discourage buyers and chill housing market

Sales of previously occupied homes have fallen for five straight months, during what is generally the busiest time of year in real estate.

Politics Jul 21

WATCH: Senate panel explores skyrocketing housing prices

The Senate Banking Committee explored the state of housing in the United States in a hearing Thursday, as rising mortgage rates, low inventory and high home and rental prices squeeze consumers.

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