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Today, the market was quite unpredictable, with prices going up and down multiple times. This seemed to be influenced by automated systems, especially since there wasn't any major news and not many people were trading. These systems can sometimes make the market move in unexpected ways.
The Nasdaq had fewer stocks at their lowest prices, and the NYSE had more stocks at higher prices. However, very few stocks reached their highest prices, and trading was slow overall. ...

With the rapid rate hikes by the Federal Reserve, the US 30-year mortgage rate once surged past 7.1% in October last year. In 2023, the Fed continued to raise rates to combat inflation, causing mortgage rates to rapidly climb after experiencing a slight drop at the beginning of the year. In the week ended Aug. 11, the contract rate on a 30-year fixed mortgage has rebounded significantly by 98 ...

Market Summary - 8/8/2023
Amidst a quiet backdrop with minimal market-shaking news, most investors have their sights set on the ongoing earnings season. This focus is expected to pivot later in the week, especially with the CPI announcement lined up for Thursday. Today's trading session presented a contrast to Friday's. While Friday wrapped up near its trading range's lower end, today concluded much closer to its high. Such unpredictable fluctuations can drain portfolios...