Home Seller’s Guide to Mortgage Types
A bonanza of multiple offers means many home sellers can choose whichever buyer’s bid they like best. The temptation to grab the highest price and call it a deal is naturally strong. But price isn’t the only factor that sellers should consider. Financing affects sellers, too — because if something goes wrong with the mortgage, the sale might not close. From the seller’s perspective, here are pros and cons of four types of homebuyer...
Stock Market Slides Again for Its Worst Two-Week Start Ever
Never before has Wall Street gotten off to a worse start to a year. The stock market capped the first two weeks of 2016 with a steep slide Friday that sent the Dow Jones industrial average down nearly 400 points. All three major stock indexes — the Dow, the Nasdaq composite and the Standard & Poor’s 500 — are now in what’s known as a correction, or a drop of 10 percent or more from their recent peaks. The market has been on a...
Stocks Post Third Week of Gains
U.S. stocks closed modestly higher Friday, giving the market its third straight week of gains. Consumer staples and health care stocks were among the biggest risers as investors assessed the latest company earnings and economic news. After several weeks speculating about the implications of a slowdown in China and the timing of an interest rate increase by the Federal Reserve, traders are squarely tuned into company earnings as they...
Yuan, Oil Stabilize, Giving Stocks a Lift
New York — A rocky week for the stock market ended on a bright note as investors bought stocks across industries. Stocks wavered Friday morning before climbing steadily during the afternoon amid a mix of earnings results. The market also got a lift as China’s currency steadied after a slump earlier in the week that shook financial markets around the world. The gains were modest but broad, with nine of the 10 sectors of the Standard...
Stocks Slip on Jobs , Greek Fears
New York — Stocks ended a short and tumultuous trading week with slight losses on Thursday as investors sought safety ahead of an extended holiday weekend. Investors bought at the opening of trading after a Labor Department report on job creation suggested the economy was improving, though not so fast as to raise the specter of inflation and higher interest rates. But the gains vanished after a downbeat report from the International...
