Egg prices are soaring again, and a familiar driving force is to blame.
| This email is coming from an unmonitored email account. Please do not respond to this message. | | | | | | | | | Market Recap | | | | | Dow Jones | 18,082.21
(+0.04%) | | S&P 500 | 5,722.26
(-0.19%) | | Nasdaq | 41,914.75
(-0.70%) | | Boeing | $152.22
-$3.59 (-2.30%) | | | | | | | | | | | | | Eggflation is back | | | | Inflation has cooled substantially in recent months to the great relief of many Americans. But while the pace of price increases has slowed overall, inflation is picking up for certain things.
Read more >> | | | |  | | | | | | | | MARKET RECAP | | | | US stocks mostly finished lower on Wednesday | | | | - The Dow Jones Industrial Average and S&P 500 pulled back slightly from record highs.
- NVIDIA shares gained 2.2%, bringing the chipmaker's market cap to more than $3 trillion.
- The 30-year fixed mortgage rate fell to 6.13%, roughly a two-year low.
| | | | What to be on the lookout for today | | | | - The final estimate of the U.S. economy's second-quarter growth rate, as well as the weekly update on first-time unemployment claims.
- In earnings, Accenture, CarMax, and Costco will report.
| | | | | | | | Why China's massive central bank stimulus matters | | | | The Federal Reserve made big moves last week, announcing the first interest rate cut since the start of the pandemic. This week, it was another central bank's turn to shake things up.
SoFi Head of Investment Strategy Liz Young Thomas looks at the People's Bank of China's latest policy announcements, which are designed to stimulate its struggling economy and stock market. The Shanghai Composite stock index rallied in response.
But is this week's action enough to get the world's second largest economy out of the doldrums? Read more about it here. | | | |  | | | | | | | | Today’s top stories | | | | | | | | Major upgrades are coming soon to theaters | | | | America's eight largest movie theaters have announced a $2.2 billion theater renovation project.
Read more >> | | | | Need to cut back on your monthly entertainment budget? | | | | Here are 13 ways to save on your streaming services.
Read more >> | | | | | | | | | | Other news that caught our eye | | | | | | | | | | Financial planner tip of the day | | | | "If you have savings that is not currently earmarked for a specific financial goal, take some time to think about what goal you'd like to apply it to. A great first saving goal is to have three to six months of living expenses in an emergency fund. After that, it might be good to turn your attention toward retirement savings and investing." | | | | – Brian Walsh, CFP® at SoFi | | | | How did you like today's newsletter? | | | | | | | | This email was sent to you at paidmellc@gmail.com by SoFi Wealth LLC. (SoFi) because you're enrolled in the SoFi Daily. If you do not want to receive SoFi Daily emails, click here to unsubscribe.
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