• Sela Russo
  • 06/5/23

๐Ÿ“ˆ Stock markets surged on Friday to close the week higher! The Dow gained 701 points, a 2.1% increase, while the S&P and Nasdaq jumped 1.45% and 1.07% respectively. Congress passed a deal to increase the debt ceiling for two years. The Nasdaq closed the week at 13,240.77, up 2% from 12,975.69 last week. It is up 26.5% year-to-date.

๐Ÿ  The 30-year fixed mortgage rate is now 6.79%, up from 6.57% last week, as reported by the Freddie Mac Primary Mortgage Survey.

๐Ÿ’ผ In May, 339,000 new jobs were created, nearly double economists' expectations. Job gains have been exceeding expectations for 14 straight months! Average hourly wages rose by 4.3% compared to last year.

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