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Fed's Hammack, Barkin favor gradual rate-hike path to lower inflation

Fed's Hammack, Barkin favor gradual rate-hike path to lower inflation

By John Revill and Michael S.

The average US 30-year mortgage rate falls to 7.18% this week, its third straight decline.

The average US 30-year mortgage rate falls to 7.18% this week, its third straight decline.

The average long-term U.S. mortgage rate fell for the third straight week, offering some relief to prospective homebuyers facing higher home prices

Mortgage Rates Remain Elevated in Late 2026, Impacting Home Purchase Decisions

Mortgage Rates Remain Elevated in Late 2026, Impacting Home Purchase Decisions

Mortgage Rates Remain Elevated in Late 2026, Impacting Home Purchase Decisions

Nasdaq rebounds but posts fourth straight weekly decline

Nasdaq rebounds but posts fourth straight weekly decline

By Colin Barr and Shashwat Chauhan Nov 6 (Reuters) - Technology stocks bounced back on Friday from their worst drubbing in more than a year, but the Nasdaq Composite Index posted a fourth consecutive weekly decline as investors sifted for clues about what comes next in the AI trade.

Nasdaq pares losses as chips recover, rate-hike fears linger

Nasdaq pares losses as chips recover, rate-hike fears linger

By Shashwat Chauhan and Utkarsh Hathi Nov 6 (Reuters) - The tech-heavy Nasdaq rose on Friday as chip stocks bounced off heavy losses posted in the previous session on fears that a Democratic-led Congress could result in tougher AI regulation, even as the jobs report raised interest-rate hike

Morning Bid: Out of the blue

Morning Bid: Out of the blue

By Anna Szymanski Nov 6 (Reuters) - Markets had long been pricing in a "blue wave" in the United States midterm elections, but what they got was a deluge as Democrats regained control of the House and Senate in decisive fashion.

FTSE 100 tumbles 2% as AI jitters spark global selloff

FTSE 100 tumbles 2% as AI jitters spark global selloff

Nov 6 (Reuters) - Britain's FTSE 100 was poised to log its steepest fall in over seven months and a weekly decline on Friday as AI jitters following a change in the US political landscape sparked a global selloff.

Fed policymakers consider rate hike after strong jobs report

Fed policymakers consider rate hike after strong jobs report

By Ann Saphir and Howard Schneider Nov 6 (Reuters) - A stronger-than-expected US jobs report bolstered the case for further Federal Reserve interest rate hikes, which had lost some momentum amid a post-election stock market selloff and growing fears that weaker AI-driven demand could undercut the

Wall St slumps as sharp tech losses put Nasdaq on course for correction

Wall St slumps as sharp tech losses put Nasdaq on course for correction

By Shashwat Chauhan and Utkarsh Hathi Nov 5 (Reuters) - US stocks dropped sharply on Thursday, with the Nasdaq poised to confirm correction territory as steep losses in chip and data center-related stocks weighed a day after the Democrats' sweeping midterm election victory powered a broad-based

Dollar index jumps after US payrolls beat forecasts

Dollar index jumps after US payrolls beat forecasts

By Chuck Mikolajczak NEW YORK, Nov 6 (Reuters) - The US dollar index jumped on Friday and was on pace for its biggest daily percentage gain in seven weeks as it extended gains after a stronger-than-expected US payrolls report.

Blowout jobs report rescues stocks from brutal tech rout

Blowout jobs report rescues stocks from brutal tech rout

Employers added 165,000 jobs in October, boosting investor confidence after a recent tech market selloff.

Markets fret over growth and inflation, just as tech rout gains speed

Markets fret over growth and inflation, just as tech rout gains speed

By Sophie Kiderlin, Canan Sevgili and Stefano Rebaudo LONDON, Nov 6 (Reuters) - Uncertainty over the growth outlook and expectations that inflation will remain elevated next year are weighing on global markets, even as hopes of a de-escalation in the Iran war have eased oil prices.