Today: 29 April 2026
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NYSE:MTG 14 January 2026 - 21 March 2026

Rocket Companies Stock Falls 7% as Mortgage Rates Hit 3-Month High, Wiping Out Upgrade Rally

Rocket Companies Stock Falls 7% as Mortgage Rates Hit 3-Month High, Wiping Out Upgrade Rally

Rocket Companies shares fell 6.8% to $13.65 Friday, underperforming other mortgage stocks as U.S. mortgage rates climbed to 6.22%. The drop followed an analyst upgrade and recent strong revenue guidance. Wall Street broadly declined amid inflation and rate hike concerns. Rocket ended below its post-upgrade close of $14.76.
Rocket Companies stock sinks nearly 14% (RKT) — what’s driving the slide and what comes next

Rocket Companies stock sinks nearly 14% (RKT) — what’s driving the slide and what comes next

Rocket Companies fell 13.7% to $17.93 Friday, with trading volume tripling its 50-day average. Mortgage lenders slid after PennyMac missed profit targets and dropped 33%, citing tighter loan margins. The 10-year Treasury yield neared 4.25% as markets reacted to Kevin Warsh’s Fed nomination. Investors await U.S. jobs data and mortgage figures next week.
Mortgage rates today: Rocket stock slips as 30-year fixed moves back above 6%

Mortgage rates today: Rocket stock slips as 30-year fixed moves back above 6%

Rocket Companies shares fell 1.9% to $22.76 in early Wednesday trading as the average 30-year fixed mortgage rate climbed to 6.07%. Mortgage lenders and insurers, including loanDepot and MGIC Investment, also dropped. U.S. consumer prices rose 2.7% in December, keeping traders focused on inflation and upcoming economic data. Investors are watching for fresh mortgage-application numbers and inflation reports later in the day.

Stock Market Today

  • Supply Concerns Support Cocoa Prices Amidst Mixed Export Data
    April 29, 2026, 4:28 AM EDT. Cocoa prices edged up on Thursday, with May ICE NY cocoa rising 0.27% and May ICE London cocoa up 0.04%. Supply concerns remain the key driver following recent lows caused by demand fears and weather conditions in Ivory Coast and Ghana. Despite Nigeria's 27% year-on-year export surge, gains were capped by a firmer U.S. dollar. Ivory Coast shipments slowed after a strong start, while Ghana's cocoa output forecast was cut by 5%. Tight stocks underpin price support, although recent rises in inventories and weakened demand from major chocolate makers like Hershey and Mondelez limit upside. Q4 cocoa grindings have declined across Europe, Asia, and North America, signaling softened consumption amid rising cocoa prices.

Latest article

Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

US Stock Market Today: Live Updates 29.04.2026

29 April 2026
LIVEMarkets rolling coverageStarted: April 29, 2026, 12:00 AM EDTUpdated: April 29, 2026, 4:30 AM EDT Supply Concerns Support Cocoa Prices Amidst Mixed Export Data April 29, 2026, 4:28 AM EDT. Cocoa prices edged up on Thursday, with May ICE NY cocoa rising 0.27% and May ICE London cocoa up 0.04%. **Supply concerns remain the key driver** following recent lows caused by demand fears and weather conditions in Ivory Coast and Ghana. Despite Nigeria's 27% year-on-year export surge, gains were capped by a firmer U.S. dollar. Ivory Coast shipments slowed after a strong start, while Ghana's cocoa output forecast was cut
AST SpaceMobile Stock’s May 11 Moment: FCC Win Meets BlueBird 7 Reality

AST SpaceMobile Stock’s May 11 Moment: FCC Win Meets BlueBird 7 Reality

29 April 2026
AST SpaceMobile will hold its first-quarter update call on May 11 after winning FCC approval to deploy a 248-satellite constellation for direct-to-device service. Shares fell 6.8% Tuesday, following the loss of its BlueBird 7 satellite in a failed launch. The company expects insurance to cover the loss and is targeting 45 satellites in orbit by end-2026. Investors are watching launch progress and commercial service timing.
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