On the SPOT blog (12/28/2022) [L..]
- Salyl Bhagwat
- Dec 28, 2022
- 3 min read
In the economic news today, US pending home sales dropped more than expected in November. This is likely related to high mortgage rates. Housing industry can impact other industries so it might be a gauge of a broader slowdown in the US economy. This might be the reason why all three major indices finished the day in solid red.
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