Bloomberg Money Minute: Homebuyers Cooling, Wall Street Gains, Natural Gas Surges, Toyota Recalls

Homebuyers Retreating

• 🥶 Pending home sales saw a record cancellation rate of over 16% in December, with more than 40,000 purchase agreements canceled.
• 📉 This cooling is attributed to housing costs and an increasing inventory of homes, making buyers more selective.

Wall Street Update

• 📈 Wall Street began the week with gains, anticipating the Federal Reserve's meeting on interest rates and a wave of corporate earnings.
• 📊 The Dow Jones Industrial Average was up 0.25%, the Nasdaq Composite 0.67%, and the S&P 500 0.5%.
• 💼 Key companies reporting earnings this week include General Motors, Boeing, ExxonMobil, Apple, and Microsoft.

Natural Gas Futures Surge

• ⚡ Natural gas futures experienced another significant jump, rising 20% today, following a substantial 70% increase last week.
• ❄️ This surge occurred ahead of a massive winter storm over the past weekend.

Toyota Tundra Recall

• ⚠️ Toyota is recalling 162 late-model Tundra pickup trucks due to a faulty multimedia screen.