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AI News – Personal Finance (6/4/2025)

💰 Savings & CDs: Lock in Those High Yields

If you’re looking to grow your savings, now is a great time. High-yield savings accounts are offering up to 5% APY , and money market accounts are not far behind with rates up to 4.41% APY . Certificates of Deposit (CDs) are also attractive, with 18-month terms offering around 4.30% APY .fortune.comfinance.yahoo.com+1finance.yahoo.com+1investopedia.com


🏠 Mortgage Rates: Slight Decline Offers Opportunity

Mortgage rates have dipped slightly, with the average 30-year fixed rate at 6.91%, down from 6.99% last week . While home prices remain high, this slight decrease could be beneficial if you’re considering buying or refinancing.bankrate.com


📈 Stock Market: Tech Stocks Lead Modest Gains

The stock market saw modest gains yesterday, with major indexes closing higher. Tech stocks, particularly chipmakers like Nvidia and Broadcom, led the way . The SPDR S&P 500 ETF Trust (SPY) is currently trading at $597.14, and the Invesco QQQ Trust (QQQ) is at $528.74.thetimes.co.uk+1investopedia.com+1investopedia.com


🪙 Gold Prices: Slight Increase Amid Economic Uncertainty

Gold prices have edged up, with futures opening at $3,377.80 per ounce today, a 0.8% increase from yesterday . This rise is attributed to ongoing economic uncertainties and anticipation of the May jobs report.finance.yahoo.com+1finance.yahoo.com+1

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