Stock Market Winners & Losers: S&P 500 Trade Near Record Highs |Cost of College are Rising | 2024 Isn’t Panning Out for the EV Market
Stocks remained steady on Wednesday as Wall Street aimed to continue its September gains, though concerns over a slowing economy persist. Investors are eyeing Thursday’s weekly jobless claims report.
Meanwhile, students are increasingly worried about rising college costs, particularly housing, which has surged 37% over the past decade. On average, college students now pay $35,551 per year, with housing and food making up $12,770 of that total.
In the auto market, 2024 was expected to be a breakout year for electric vehicles (EVs), but growth is slower than anticipated. EV sales are now forecast to grow just 11% YoY, down from an expected 42%, due to high interest rates, inflation, and concerns over price and battery range. In contrast, hybrid vehicle sales have surged over 30%.
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