 Mid-American Network News Business Report. I am Felix Johnson. The S&P 500 is closing with very little change as investors are bracing for the Federal Reserve's preferred inflation gauge. The Dow is up 36.26. The S&P 500 is up 4.97. The NASDAQ also up at 53.53. Now here's a report about pending home sales being down. The housing market has been struggling in 2024 under the weight of record high prices and elevated mortgage rates and reduced home buyer affordability is weighing on sales.