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U.S. Economy

US New Home Sales (Jul MM) -10.5% (Prev. 1.6%)

StockNow breaking-news AI analysis

Elevated mortgage rates and high home prices caused US home buyer activity to drop to record lows in July, expanding buyer-market conditions and suppressing sales.

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Today's market highlights

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U.S. Economy

US ADP Employment Change Weekly 11.75K (Prev. 9.5K)

Politics

US President Trump posts that he has been informed all mines are gone from the international waters of the Strait of Hormuz. Iran has been informed that any vessel placing new mines will be destroyed. Zero tolerance on mine placement in effect.

Fed

Fed's Collins (2028 Voter) says inflation is still too high, and is concerned about price stability part of the Fed's mandate; labour market consistent with full employment, economy growing at a near-trend pace