1. Wall Street set for steady open after sell-off
Homebuyers rushed back into the real estate market last week, taking advantage of record low mortgage rates. After a brief pullback at the end of June, mortgage applications to purchase a home rose 5% for the week and were a remarkable 33% higher a year ago, according to the Mortgage Bankers Association. Applications to refinance rose 0.4% from the previous week but were 111% higher than one year ago.
2. Trump pushes to reopen schools in the fall
U.S. President Donald Trump speaks during an event on reopening schools amid the coronavirus disease (COVID-19) pandemic in the East Room at the White House in Washington, July 7, 2020.