US House Price Index MoM (Feb) M/M 0.0% vs. Exp. 0.2% (Prev. 0.1%)
The US House Price Index for February printed at 0.0%, missing expectations of a 0.2% increase, while the previous month was revised to 0.1%.
UPS (UPS) CEO says Amazon (AMZN) accounted for 8.8% of its business at end of Q1, down from a high of more than 13%
[ANALYSIS] OpenAI reportedly misses targets, stoking data centre spending concerns
US House Price Index MoM (Feb) M/M 0.0% vs. Exp. 0.2% (Prev. 0.1%)
US Redbook YoY (Apr/25) Y/Y 7.7%
Daily US Equity Opening News - OpenAI misses targets, stoking data centre spending concerns; CDNS trims profit view; SPOT rev. miss
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This disappointing result suggests a stagnation in the housing market, which could have implications for future economic growth and mortgage rates, potentially shifting market sentiment as data confirms a cooling trend in housing prices.
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