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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Aug 23, 2023
Page
8
The report notes the Dow Jones Industrial Average at 34288.83 points with a drop of 174.86 points and mentions Nvidia stock trading around 500 dollars as part of market activity.
The Commerce Department releases July new home sales data noting June sales fell 2.5 percent from May’s 715,000 pace yet remain 23.8 percent above last year. The median June price stood at 415,400 dollars as ongoing shortages of existing homes and higher interest rates influence listings and buyer activity.
Lawrence Yun, chief economist for the National Association of Realtors, notes the national median home price increased 1.9 percent from July last year to 406,700. The gain reflects ongoing demand and tight supply in the housing market.
Wall Street drifted to a mixed close as traders await two market-moving events later this week. The S&P 500 dipped 0.3 percent after a rare August gain led by Big Tech. The Dow fell about 174 points while the Nasdaq showed uneven moves on the session.
The day saw a small stock gain as bond yields stayed elevated after the 10 year note touched its highest since 2007. BIDU, Fabrinet and FN shares surged as the tech sector beat Wall Street expectations for Q4 earnings and revenue.
In Douglas County, Stephenson was convicted in 2019 of felony burglary and misdemeanor battery on a law enforcement officer, with additional misdemeanor assaults noted in court records. She told the court she was off bipolar medication at the time and has since resumed treatment. She has been in custody since December, receiving 260 days time served from Hanley, with potential 20 percent sentence reduction for good behavior.
Coleman returned to a shelter despite being asked to leave and allegedly struck a woman in the face with a metal object. The woman declined medical care. Coleman was arrested on suspicion of felony aggravated battery and an outstanding warrant tied to probation violation on a 2022 misdemeanor domestic battery. He has a 2013 Douglas County felony conviction for aggravated robbery and is held without bond at the Douglas County Jail.
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