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China's bond market seems skeptical that recent stimulus will be enough to revive its economy. US homes are turning over at the lowest rate in 30 years, according to data from Redfin.
Here's what else happened today: Disney said it will appoint Bob Iger's successor as CEO by early 2026. Goldman Sachs said investors should prepare for a decade of muted returns in the stock market.
US stocks traded mixed on Wednesday as traders took inflation data and the outlook for rates. Inflation rose 0.2% for the month and 2.6% on a yearly basis, in-line with expectations.
In the oil market, crude prices plunged more than 6%, representing the biggest one-day decline since September 2022 after Israel's attack against Iran over the weekend avoided oil facilities.
Disney stock surged as rare three-year forecast sees strong profit growth ahead. China's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year ...
A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include securities listed on a public stock exchange as well as stock that is only traded privately, such as shares of private companies that are sold to investors ...
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