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Housing Stocks

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finance1 year ago

"S&P 500 Reaches Historic 5000 Milestone Amid Disney Surge and Small Caps Rally"

The S&P 500 and Dow Jones Industrial Average reached record highs as Disney's upbeat earnings and strong sales outlook from Arm Holdings boosted investor sentiment. Softening mortgage rates are expected to drive housing stocks higher. Tesla is set to restart production at Giga Berlin, while New York Community Bank's stock wavers amid efforts to shore up confidence. Oil prices rose on Middle East tensions and lower US production forecast. PayPal stock dropped after its full-year outlook fell short of expectations.