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Mortgage applications fell 4.2% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.31%.

A pair of classic American brands had opposite days Friday as shares of one soared to their best day on record, while the other's stock suffered its worst.

"My phone has been going ka-ching, ka-ching, ka-ching," said one Etsy maker, as Trump's mug shot pops up on T-shirts, coffee mugs, shot glasses and bobbleheads.

Option traders and funds employing complicated systematic strategies are firmly in control of the U.S. stock market, mitigating the impact of so-called fundamental news such as Nvidia's latest blockbuster earnings report, according to a Goldman strategist.

Donald Trump’s proposal to put a 10% tariff on all imports would be a tax hike of more than $300 billion a year on American consumers, says the Tax Foundation.

Sports-centric retailer Hibbett Sports said Friday that the hit to margins from theft wasn't that much.

Boeing Co.'s resuming sales of its 737 Max jets to China would be a "significant positive" development for the aerospace and defense company, helping offset the impact of newly disclosed manufacturing problems.

Prosecutors appear to be nearing possible charges against Sen. Bob Menendez, the culmination of a long public-corruption probe, The Wall Street Journal reports.

The grocery-delivery app Instacart on Friday filed its papers for an initial public offering.

European Central Bank President Christine Lagarde says policy makers will set rates as high as needed --- and leave them there for as long as necessary.

Gold prices declined on Friday as the U.S. dollar rose with Treasury yields after Federal Reserve Chair Jerome Powell left the door open to more interest-rate hikes later this year during his annual speech at the Kansas City Fed's economic symposium in Jackson Hole, Wyoming.

The 5-year yield on Treasury inflation-protected securities, is on its way to one of the highest closing levels since late 2008, according to Tradeweb data.