Morning Business Report: Home prices dip slightly as stocks hit records

New data shows home prices have dipped slightly in recent months.

(LILAMAX)- New data shows home prices have dipped slightly in recent months. According to Parcl Labs, which tracks high-frequency listing data for single-family homes, condos and townhomes, prices are down 1.4 percent over the past three months. On a national level, however, home prices have not turned negative since mid-2023.

Health care insurance stocks climbed Thursday after the Senate failed to advance competing health care bills. The stalemate raises the possibility of higher insurance premiums for millions of Americans. Democrats have pushed to extend enhanced tax credits under the Affordable Care Act, while Republicans proposed an alternative plan that would send funds directly to consumers rather than continuing current subsidies.

It was a record-setting day on Wall Street. The Dow Jones Industrial Average surged nearly 650 points to close at a new all-time high. The S&P 500 also finished the day at a record.

Gold prices continue to climb, and analysts say there may be room to run. Goldman Sachs notes that despite gold hitting repeated highs, U.S. ownership levels remain relatively low. Gold is up nearly 60 percent this year, according to GoldPrice.org.

Another standout performer this year is Carvana. The used-car retailer’s stock is up 95 percent so far in 2025 and more than 11,000 percent from its lows in 2023. Analysts say investors are betting the company’s end-to-end online platform gives it a real chance to disrupt the used-car market.