0 minute readStocks bounced back on Wednesday on strong corporate earnings and raised outlooks, while a decline in the U.S. dollar lifted shares related to materials companies. Delta Air Lines and US Airways Group jumped after they reported strong profits, while Boeing Co. buoyed the Dow after it boosted its full-year forecast. Materials shares led the broad market higher, with Freeport-McMoRan Copper & Gold gaining 2.8 percent to $95.33 and the S&P materials index .GSPM rose 2.3 percent. Commodities gained as the U.S. dollar dropped to a near 15-year low against the yen.
Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio
Most Popular Articles
Michigan’s Whitmer steps up, signs single-stair reform into law
Gov. Gretchen Whitmer took a big step toward clearing the path for developers to build smaller apartment buildings more affordably. Whitmer signed Michigan’s single-stair legislation into law this week, a green light for developers to build multifamily housing up to six stories more economically, with a single interior exit stairway. Michigan housing advocates say the […]
Jul 22, 2026
-
New York outflows reshape housing demand in Texas and Florida
Jul 24, 2026 -
Home sales are positive but higher rates slowing demand
Jul 25, 2026 -
Don’t fall for a fake foreclosure crisis
Jul 24, 2026 -
Why homebuilders aren’t building more homes
Jul 24, 2026 -
Mortgage servicers face higher costs from transfers and regulation
Jul 27, 2026
Latest Articles
Compass International Holdings agents join American Real Estate Association
Compass International Holdings agents at company-owned operations get free ARA membership for the rest of 2026 and all of 2027.
-
The fight to make Florida more affordable
-
Lone Wolf bets future of real estate AI is embedded, not standalone
-
Bright MLS hires Steve Mapes as EVP of growth and strategy
-
Mortgage rates move closer to 7%, but housing demand holds up ahead of Fed meeting
-
Newrez posts strong Q2 profit, eyes $65B in originations for 2026
Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio
