The Latest Breaking News from BofA

Homebuyers have been suffering the slings and arrows of outrageous fortune of late.

December S&P 500 futures (ESZ23) are down -0.15%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.30% this morning as weak forecasts from Cisco and Palo Alto Networks weighed on sentiment, while investors looked ahead to a new round of U.S. economic data and speeches from Fed officials.

"Most Boomers locked in low mortgage rates,” the bank said. “The only group that took out mortgage debt meaningfully since 2021 is Millennials, seeing a 20% jump.”

Despite taking on more side hustles, Gen Z and millennials are spending less.

"Some generations get lucky, and some don’t."

Amateur investors are optimistic about the stock market as the pros are getting more cautious.

Even when cash is tight, young workers carve out space for savings.

Wall Street feared S&P 500 earnings per share would drop as much as 7% year over year in the second quarter. The reality has been better than expected. But will it last?

BofA becomes the first major Wall Street bank to backtrack on recession prediction, reflecting growing economic optimism.