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Market Close: Stocks Rally In Shortened Trading Session, Housing Market Buckling Under Rate Pressure, Apple Races Toward $4T Market Value

CNBC Business News Update

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Market Trends: Housing Struggles and Apple's Surge

This chapter examines how rising interest rates are affecting the housing market, particularly for entry-level buyers, while higher-end segments demonstrate resilience. It also discusses the significant increase in the affordability index for homes and highlights Apple's stock nearing a $4 trillion market value.

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