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Market Dynamics: Housing Surge Amidst Bubble Warnings, Oil Declines, and AI Innovation
Stock Market News·2025-09-29 14:08

Key TakeawaysU.S. Pending Home Sales unexpectedly surged 4.0% month-over-month in August, vastly exceeding expectations of 0.0%, yet the housing market faces increasing pressure with 22% of U.S. mortgages now above 6%, the highest in 12 years.Major U.S. stock indices opened higher, but Deutsche Bank (DB) issued a warning of a "bubble risk" in the S&P 500, citing overheated valuations and the significant market capitalization of key tech players like Nvidia.Oil futures continued their downward trend, with Br ...