3.8 • 950 Ratings
🗓️ 27 May 2022
⏱️ 8 minutes
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0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, your daily source of market news and analysis. |
0:06.8 | Subscribe to this podcast on Apple Podcast, Spotify or Stitcher. |
0:11.2 | Good morning. Today is Friday, May 27th, and I'm your host Julie Morgan. |
0:15.8 | Our top stories. |
0:17.4 | Mortgage rates, climate, and home prices. |
0:20.5 | Mortgage rates continue to fall, but what's the difference between now and a year ago, and will this trend continue? |
0:26.1 | The Supreme Court upholds the Biden administration's climate formulas. |
0:30.1 | What does this mean for what's happening in the lower courts? |
0:33.2 | And one report says nearly one in five home sellers have lowered their price. |
0:37.6 | When was the last time this happened? |
0:39.6 | First, let's take a look at Thursday's market. The Dow Jones closed up 517 at 3,637. |
0:47.0 | The S&P 500 was up 32 to close at 4,050, and the NASDAQ up 306 at 11,741. |
0:55.8 | On our day watch, we have one stock that stands out. |
0:58.6 | Thursday, we told you in the earning spotlight that Dollar Tree would be reporting. |
1:03.0 | Thursday, Dollar Tree closed up nearly 22% at 163. |
1:07.3 | DLTR is up 50% compared to a year ago. |
1:11.0 | We'll look at Dow S&P and NASDAQ futures in a few minutes as well as the world markets. |
1:16.5 | In the earning spotlight today, Sanderson Farms and Canopy Growth Corporation. |
1:22.3 | Now on to our top stories. |
1:24.2 | Mortgage rates are falling. |
1:25.8 | The 30-year fixed rate average 5.10% |
1:29.3 | for the week ending May 26th. |
... |
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