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Top mecktimes.com News

Broadcom and Tech Stocks Fall, but the Rest of Wall Street Picks up some of the Slack

Stock Markets · New York

Broadcom and Tech Stocks Fall, but the Rest of Wall Street Picks up some of the Slack

68% Center coverage: 50 sources

Broadcom is leading artificial-intelligence stocks lower on Friday, but other areas of the market that used to get left behind by Big Tech are picking up some of the slack. That’s keeping Wall Street indexes near their record heights.The S&P 500 slipped 0.2% in morning trading, coming off its latest all-time high, while the weakness for tech had the Nasdaq composite down 0.4%, as of 10 a.m. Eastern time. The majority of stocks on Wall Street wer…See the Story

Oracle Stock Down 14%. Why Higher Risk Makes $ORCL A Sell

Jerome Powell · New York

Oracle Stock Down 14%. Why Higher Risk Makes $ORCL A Sell

60% Center coverage: 37 sources

With relatively tepid growth, rising debt, an increasing cash burn rate, soaring capex and reliance on money-losing OpenAI, $ORCL has not earned its premium valuation.See the Story

Average US Long-Term Mortgage Rate Ticks up to 6.22%, but Remains Close to Its Low for the Year

Freddie Mac · United States

Average US Long-Term Mortgage Rate Ticks up to 6.22%, but Remains Close to Its Low for the Year

57% Center coverage: 23 sources

The average rate on a 30-year U.S. mortgage edged higher this week, though it remains relatively near its low point so far this year. The uptick brings the average long-term mortgage rate to 6.22% from 6.19% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.6%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also rose this week. The rate averaged 5.54%, up …See the Story

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