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The Gazette in Medina, Ohio

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Articles on This Page

This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

The Gazette

Location

Medina, Ohio, United States of America

Date

Jan 21, 2022

Page

9

Wall Street Ends Week On Decline As Tech Slumps

Stocks closed lower with the S&P 500 at 4,482.73 and the Dow at 34,715.39 as tech shares dragged markets. Nasdaq slid to 14,154.02 while utilities rose modestly and investors eyed higher rates amid ongoing inflation concerns. Corporates warned earnings amid supply chain and price pressures, with American Airlines and United Airlines posting Q4 losses and Peloton stock dropping after production pauses.

Wall Street Sean Dow Industrials Dow Transportation Dow Utilities NYSE S&p Wilshire Fussell AMD Kohls At&t Inc LincNat ActivsBliz A LucidGrona A LuminiTe A AffirmHld McDalds Alibaba Micront Amber Microsoft Amé Airlines MorgStan Annaly NewOrEdson Apple Inc S NewellBr Aptormg NiSource BcoBrad Nikola BkofAm BarrickGld NokiaCp Baudax Northropg BedBath Nvidias Carnival Owens Corn Cedarf Palantir Cisco Citigroup Pelotnintr ClevCliffs PepsiCo CocaCola Petrobras Comcast Ue Pfizer DatChat RiviaAu DiDi Gibn Rebahd An DraftKin Shrwins EggTrasfr Smucker ExelaTcrs ExxonMbl Snapinc An SoFiTech N FirstEngy SwsinEngy Ford M Starbucks Sundial H GenElects Tesla Inc TilayBr HomeDp Uber Tch HuntBnesh US Steel Nfosys Ntel Vale SA VerizonCm Nvacare WalMart Jauunh WellsFargo Sweet Crude NYMX CME New York Mercantile Exchange Chicago Board of Trade Chicago Mercantile Ice ICE Intercontinental Exchange Orange Juice Mutua Init Amcpa m Amronbala m CptWidGrincAm FdmillavsAm GrfAmrcAm IncAmrcAm Invcamrcam NwPrspetvAm Wamtinvsam Dodge & Cox Inc Dodge & Cox Fidelity dxInsPrm Fidelity BC Growth Fidelity Group Metropolitan West PIMCO PIMCO Inclnstr 83,946 11.81 0.2 +1.4/B +4.8/A NL 1,000,000 PIMCO TtlRetIns Schwab Sp500idx T. Rowe Price Bcgr Vanguard Vanguard Diversav Vanguard EqincAdmrl Vanguard Hcadmrl Vanguard Intiteadmrl Vanguard InsidxInsPlus Vanguard PrmCpAdmrl Vanguard Stinvmardadmrl Doe SEC The Associated Press

Fed studies digital currency loans and bank led management

The Federal Reserve released a report favoring an intermediated model where banks or payment firms create digital currency accounts or wallets for users rather than the Fed directly issuing digital dollars. It notes no final decision and opens a 120 day comment period while signaling potential impacts on banks, payment firms, and consumer data privacy.

Washington Federal Reserve Fed China European Central Bank Jerome Powell Congress Central Bank Lael Brainard Joe Biden Christopher Waller PayPal Bank Policy Institute

Ivanka Trump Urged to Meet With Jan 6 Committee

The House panel requests Ivanka Trump to voluntarily meet in February as it seeks her understanding of her father's actions on January 6 2021. The inquiry notes she was in contact with Trump during key moments and witnessed a call pressuring Mike Pence.

Washington House U.S. Capitol Ivanka Trump Donald Trump Trump White House Bennie Thompson D-Miss Capitol Joe Biden Mike Pence Pence Congress Ivanka

December home sales dip as inventory tightens housing market

Existing home sales fell 4.6 percent in December to about 6.2 million annual rate, the NAR reported, amid tight supply with just 910,000 homes for sale the lowest since 1999. Prices rose about 16 percent to a median of 358000, while average sale time remained 19 days.

Washington National Association of Realtors Kwame Donaldson Zillow Donaldson

Mortgage rates keep climbing with 30 year above 3.5 percent

Freddie Mac data show the 30 year fixed mortgage rising to 3.56 percent from 3.45 percent, with the 15 year at 2.79 percent. Analysts note inflation surges and strong growth expectations as the Fed plans to reduce bond purchases, keeping rates historically low yet trending higher this year.

Washington U.S Freddie Mac Federal Reserve Fed Labor Department

Also Mentioned on This Page

Damian J. Troise Bandazian Cornerstone Wealth Mark Hackett Nationwide Hackett American Airlines United Airlines CNBC Business News Network the Market IN Review Nyse Anp Naspaaq SoFiTech Apple Inc Rallybion AmAirlines RetoEco LeapTher TaskUs An Zynga
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