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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Sep 07, 2023
Page
8
Freddie Mac reports the weekly mortgage rate snapshot shows the 30-year rate sliding to 7.18 percent, the first decline after five weekly gains. The move comes as the 10-year Treasury yield also eases, influencing borrower costs by lowering monthly payments albeit from high levels.
Economists expect the Labor Department to report a 3.7 percent annual rate rise in worker productivity for the April to June quarter, the largest gain in nearly three years after a 1.2 percent drop in Q1.
Investors review recent trading as the market faces cautious sentiment. The quote contrasts public sentiment with port activity, noting boats idle at the harbor while businesses expect steady work and returns.
Stocks slipped on a holiday-shortened week with the S&P 500 down 0.7 percent as tech giants including Apple weighed on markets. The Dow and Nasdaq fell while health care shares also declined. Treasury yields rose after data showed the U S services sector remained strong.
Leone pled guilty to voluntary manslaughter a level three felony and distribution of fentanyl a level one felony. State recommended 87 months total and 15 year violent offender registration. Judge set sentencing for Oct 10. Leone held on 75000 bond. Byrum reportedly died after heroin laced with fentanyl opioids.
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