[ad_1]
The S&P 500 and Nasdaq composite indices opened higher on Monday as tech stocks recovered from their recent decline due to rising bond yields, while Tesla stocks rose after Ark Invest set its target price at 3 years at 3000 dollars.
The Dow Jones Industrial Average fell 26.2 points, or 0.08% to 32,601.82 points, while the Standard & Poor’s rose 3.4 points, or 0.09%, to 3,916.48 points , and the Nasdaq advanced 63.5 points, or 0.48%, to reach 13,278.782 points in the open.
Sales of existing homes in the United States fell more than expected in February amid cold weather in many areas, and any recovery could be limited by rising mortgage rates and house prices in general due to supply. restraint.
The National Association of Realtors said Monday that sales of existing homes fell 6.6% to a seasonally adjusted annual rate of 6.22 million units last month.
Economists polled by Reuters expected 3 sales to fall to a rate of 6.50 million units in February. Existing home sales account for the majority of home sales in the United States, increasing 9.1% year-over-year.
Source link
