A mixed finish on Wall Street
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 28 May 2024
⏱️ 1 minutes
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Summary
Consumer confidence ticked up; home prices set a record; a big oil merger gets the thumbs-up from shareholders.
Transcript
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| 0:00.0 | This is the Marketplace Minute. I'm Mitchell Hartman. Stocks were mixed today. The |
| 0:05.6 | Dow fell just over half a percent. The S&P was essentially unchanged and the |
| 0:10.5 | NASDAQ gained about six-tenths percent. |
| 0:14.0 | Consumer confidence inched higher in May for the first time in four months. |
| 0:18.3 | The Conference Board reports sentiment about current and future business conditions improved, though its expectations |
| 0:24.9 | index still registers below the threshold that usually signals a coming recession. |
| 0:30.7 | Home prices keep climbing. The S&P CoreLogic Case Schiller National Home Price Index hit an all-time |
| 0:37.1 | high in March, rising 6.5% from a year ago. San Diego led major U.S. cities with an 11% increase. Denver saw the lowest |
| 0:46.9 | rise just over 2%. And shareholders of the oil company Hass have approved a 53 billion dollar merger with Chevron. |
| 0:55.6 | The deal faces opposition from ExxonMobil over a dispute about food oil reserves off the coast of Guyana. |
| 1:03.0 | I'm Mitchell Hartman with the Marketplace Minute. |
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