U.S. stocks rallied today and are on a path to end a bruising week on a higher edge.
The Nasdaq Composite surged 126.88 points, or 1.63%, at 7,893.50.
Consumer sentiment dropped to 92.1 this month, which is the bottom mark since the start of 2019, according to data released Friday.
The University of Michigan’s preliminary August print came in well below Wall Street forecasts.
U.S. homebuilding retreated for a third straight month in July amid a stable loss in the construction of multi-family housing units.
Falling mortgage rates were not able to boost the housing market as land and labor shortages constrain builders’ ability to construct sought-after weaker-price levels.
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