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Falling Interest Rates Sent These 3 Stocks Up Big This Week
KINDNextdoor (KIND) The Motley Fool·2024-06-14 20:50

The biggest news of the week wasn't earnings -- it was a lower-than-expected reading of inflation. According to the Bureau of Labor Statistics, consumer prices rose 3.3% from a year ago in May, but that was down from 3.4% in April and was below expectations. While the short-term speculation is that rates will come down, we haven't seen a big move in that direction. The 1-year Treasury yield dropped slightly this week, and there are signs mortgage rates are starting to come down, but that will take time. Nex ...