Stocks rise for a second day
Bitcoin was trading around $16,000, after gaining in two of the last three days.For the month, the cryptocurrency was down a little over 1%, while down more than 63% year-to-date.Dogecoin was trading at 7 cents, after losing more than 17% in the past week.A home sits for sale in Geneva, Illinois. The National Association of Realtors is expected to release existing home sales for November.
The report follows other data this week showing a housing market under great pressure from high mortgage rates, inflation, and high home prices. Confidence is down sharply from a post-pandemic high of 128.9 in June of last year on inflation worries. Watch for builds of a little more than 300,000 barrels in distillate supplies and more than 2 million barrels in gasoline inventories. As 2022 draws to a close, tax filing season is just around the corner, but it's never too early to start planning ahead for the changes coming to tax policies in 2023 and how those will impact your finances.
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