George Noorey

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George Noorey

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Stocks traded near the flat line yesterday breaking a 3 day winning streak after a slew of analysts downgrades offset optimism over the US-China trade war news.
 
Fifty attorneys general are joining an investigation into Google over possible antitrust violations, Texas Attorney General Ken Paxton, the initiative’s leader, said in a news conference the bipartisan probe includes attorneys general from 48 states, the District of Columbia and Puerto Rico. California and Alabama are not involved in the probe.  At the press conference announcing the probe, attorneys general emphasized Google’s dominance in the ad market and use of consumer data.
 
Mortgage rates are around the lowest in three years, but buyers are suddenly much more cautious about purchasing a home. Competition is cooling, and consequently sellers can no longer command any price.  Consumer sentiment in housing did improve in August, according to a monthly survey from Fannie Mae, but only because of a big jump in the share of those who think mortgage rates will keep falling. Other components of the survey were not so rosy. Fewer people think now is a good time to buy or sell a home, and fewer said they are not concerned about losing their job in the next year.

 

With Northwest Quadrant Wealth Management, I'm Tyler Simones.

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