3 things investors need to know this week!

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Each week, we’ll share the top 3 things any investor needs?to know to help them stay on top of things.

Fed’s Preferred Inflation Metric Cools While Spending Rebounds: The Federal Reserve’s preferred gauge of underlying inflation, cooled last month while household spending rebounded. The so-called core personal consumption expenditures price index, which strips out the volatile food and energy components, increased 0.3% from the prior month, data out Friday showed. That followed a 0.5% reading in January, marking the biggest back-to-back gain in a year.

Source: Bloomberg

Homebuyers need to earn 80% more than they did in 2020 to afford a home in today's market: Homeownership becoming a distant dream for many: Prices surged 42% since 2020 while incomes lag far behind. Though home prices have risen dramatically, incomes haven't kept pace, making it much harder to afford a house. The median income needed to comfortably buy a home has jumped 80% compared to just 23% for incomes, pushing many out of the housing market.

Source: Yahoo Finance

Nvidia Stock Soared 82.5% in the 1st Quarter of 2024: Nvidia (NASDAQ: NVDA) stock soared 82.5% in the first quarter of 2024. That performance made the artificial intelligence (AI) chip leader the second-best performer on the S&P 500 index, behind only Super Micro Computer, a server specialist that's also benefiting from strong demand for AI products and services.

For context, in the first quarter, the S&P 500 gained 10.2%, and notched an all-time closing high on Thursday, while the tech-heavy Nasdaq Composite index gained 9.1%.