Asking for a Trend anchor Josh Lipton breaks down the latest market trends for June 4, 2025.
The Dow Jones Industrial Average closes the trading day lower after the ADP reported weakness in May’s private sector jobs data. Also, ISM Services PMI entered contraction territory below 50 for the fourth time in the last five years.
Mortgage demand falls for the third straight week. Home affordability, inventory, and elevated mortgage rates appear to be serious factors contributing to this decline.
Also, AI and the music industry. The new world of artificial intelligence raises concerns that artists are not being properly compensated.
#youtube #mortgage #ai
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