Wall Street's main indexes fell on Tuesday as better-than-expected housing data fueled worries of more interest rate hikes by the U.S. Federal Reserve, while Tesla climbed after Rivian agreed to adopt its charging standard.
in May to its highest in more than a year and permits issued for future construction also climbed, suggesting the housing market may be turning a corner.
"We saw housing starts and building permits come in much stronger than anticipated and it seems the economy remains stronger than expected despite all the calls for a potential recession," Sam Stovall, chief investment strategist at CFRA Research, said.
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