Stock Market Winners & Losers: Stocks Set to Snap 5-Month Win Streak | Home Prices Soar Despite Higher Mortgage Rates | Grocery Store Hopping is the New National Sport
Stocks are poised to end a five-month winning streak as worker pay saw a significant 1.2% rise in the first quarter, signaling persistent inflation. Amazon's earnings report is expected tonight, followed by the Federal Reserve's interest rate decision tomorrow. Meanwhile, home prices continue to soar despite higher mortgage rates, with strong demand and limited supply driving a 6.4% year-over-year increase in February. On the flip side, grocery store hopping has become a national sport due to rising inflation, with shoppers seeking affordable options across multiple stores. Aldi emerges as a winner in this trend, experiencing a 26% increase in foot traffic in March.
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