U.S. stocks ended mixed, as generally strong earnings offset worries about the sustainability of the debt-fuelled AI boom. Pending home sales sank to 25-year low as buyers fled high mortgage rates, with contract signings falling to the lowest level on record after the average 30-year mortgage rate crossed over 7%. Treasury yields edged lower after weaker-than-expected housing reports highlighted the strain of elevated mortgage rates.
Google said services were recovering after a cloud outage on Tuesday disrupted online services for several U.K. banks and other businesses. In Korea, Elice shares fell as much as 36% in afternoon trading, signaling investor caution toward artificial-intelligence stocks. Trump announced an $8 billion farm bailout to cover losses from rising fuel and input costs.
Webull will offer perpetual futures contracts, a derivative new to regulated U.S. markets, starting next month.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing