Stocks mixed ahead of home sales, GDP reports

Stocks mixed ahead of home sales, GDP reports
File - In this Dec.14, 2010 file photo, trader Gregory Rowe, center, works... NEW YORK (AP) - Expectations that the U.S. economy is growing faster than first thought will be the focus of Wall Street Wednesday. The Commerce Department will issue its final estimate of gross domestic product growth for the July-to-September period. Analysts predict that the number will be bumped up to 2.8 percent annual growth from early estimates of 2.5 percent. Investors will also learn how the Housing Market f...

Stocks mixed as GDP growth falls below estimates
The Commerce Department said that the country's gross domestic product rose 2.6 percent between July and September. It originally estimated that the GDP rose 2.5 percent. While the revision was a slight improvement, it fell short of the 2.8 percent growth analysts were expecting. Economic reports will likely remain a focus of Wall Street Wednesday. After the opening bell, investors will learn how the Housing Market fared in November. The National Association of Realtors will release its report ...

Stocks flat as GDP growth falls below estimates
Source: AP NEW YORK (AP) — Stocks are essentially flat in early trading after a report said the U.S. economy did not grow as quickly during the summer as analysts predicted. The Commerce Department said the country's gross domestic product rose 2.6 percent between July and September, a small gain from its earlier estimate of 2.5 percent. Analysts hoped for a gain of 2.8 percent. Economic reports will likely remain a focus of Wall Street. The National Association of Realtors will release its repo...

Stocks flat as GDP growth falls below forecasts
File - In this Dec.14, 2010 file photo, trader Gregory Rowe, center, works... NEW YORK (AP) - Major stock indexes on Wall Street were flat Wednesday after a report showed that the U.S. economy did not grow as fast as analysts predicted. The Commerce Department said the country's gross domestic product rose at an annual rate of 2.6 percent between July and September, a small increase from its earlier estimate of 2.5 percent. Analysts expected the number to rise to 2.8 percent. Seperately, the N...

Stocks flat as GDP growth falls below forecasts
(12-22) 07:25 PST NEW YORK, (AP) -- Major stock indexes on Wall Street were flat Wednesday after a report showed that the U.S. economy did not grow as fast as analysts predicted. The Commerce Department said the country's gross domestic product rose at an annual rate of 2.6 percent between July and September, a small increase from its earlier estimate of 2.5 percent. Analysts expected the number to rise to 2.8 percent. Seperately, the National Association of Realtors said that sales of previou...

Wall Street futures point to slightly lower open
LONDON | Wed Dec 22, 2010 4:41am EST LONDON (Reuters) - Stock futures for the Dow Jones industrial average, the S&P 500 and the NASDAQ 100 all fell 0.1 percent, pointing to a slightly weaker start for equities on Wall Street on Wednesday. Boeing Co (BA.N) said it will soon announce the resumption of test flights for its 787 Dreamliner plane, which have been halted since last month due to technical problems. Microsoft Corp is working on a version of its core Windows Operating System for de...

Stocks flat as GDP growth falls below estimates
The Commerce Department said that the country's gross domestic product rose 2.6 percent between July and September. It originally estimated that the GDP rose 2.5 percent. While the revision was a slight improvement, it fell short of the 2.8 percent growth analysts were expecting. Economic reports will likely remain a focus of Wall Street Wednesday. After the opening bell, investors will learn how the Housing Market fared in November. The National Association of Realtors will release its report ...

Economic growth ticks up to 2.6%
NEW YORK (CNNMoney.com) -- The U.S. economy grew at a slightly faster pace during the Third Quarter than previously estimated, driven by stronger Consumer Spending, the government said Wednesday. Gross domestic product, the broadest measure of the nation's economic activity, grew at an annual rate of 2.6% in the three months ended in September, according to the Commerce Department, up from the previous reading of a 2.5% rise. Email Print Comment Economists expected the third and final reading ...

Oil rises to 2-year high near $91 as equities jump
The Dow Jones industrial average and the S&P; 500 index both rose Wednesday to their highest levels since July 2008 after the Commerce Department said the U.S. economy rose in the Third Quarter at an annual rate of 2.6 percent, a slight increase from its earlier estimate. "The price of crude is highly connected to the direction of the equities markets and confidence in a global recovery," Sander Capital Advisors said in a report. "When equities go up, it tends to mean confidence is up and thus c...

U.S. markets edge higher
Published: Dec. 22, 2010 at 10:38 AM NEW YORK, Dec. 22 (UPI) -- U.S. markets rose marginally higher Wednesday morning, reflecting a one-notch uptick in the government's estimate of Third Quarter economic output. The Commerce Department said the gross domestic product, the broadest measure of The Economy's performance, rose 2.6 percent in the third quarter, an upward revision of the 2.5 percent estimate released a month ago. Consumer prices, however, rose less than previously estimated in the thi...

Stocks open flat
NEW YORK (CNNMoney.com) -- Stocks opened flat Wednesday morning, as investors begin to pack up for the holidays and prepare for 2011. The Dow Jones industrial average (INDU), S&P 500 (SPX) and NASDAQ (COMP) all gained about 3 points at the opening bell. Email Print Comment Trading is expected to be light heading into the Holiday Season. But though there's little news on tap for the rest of the year, stocks have trended upward. December has been a strong month for stocks -- the blue-chip Do...

Stocks Mixed on 1st Day of Holiday Week
NEW YORK (AP) - Stocks are closing mixed as light trading volume marks the first day of a short holiday week. American Express had the largest move Monday of any of the 30 stocks that make up the Dow Jones industrial average. The card issuer fell 3.5 percent after analysts downgraded the company because of rules proposed by the Federal Reserve that would cap the fees it can charge merchants. The yield on the 10-year Treasury note was unchanged at 3.33 percent. According to early figures, the Dow...

Asian shares mixed after Wall Street gains
FILE - In this Dec. 14, 2010 file photo, trader Richard Newman works on... Tokyo (AP) - Asian Stock Markets offered a mixed reaction Thursday to news that the U.S. economy grew slightly faster than thought in the Third Quarter. Trading was light ahead of Christmas holidays and with Japanese Financial Markets closed for the emperor's birthday. Australia's S&P;/ASX 200 rose 0.6 percent to 4,806.7 as natural resource companies advanced. Shares of Riversdale Mining Ltd. jumped 2.3 percent after Au...

Asian shares mixed after Wall Street gains
Asian Stock Markets offered a mixed reaction Thursday to news that the U.S. economy grew faster than originally thought. Trading was light ahead of Christmas holidays and with Japanese Financial Markets closed for the emperor's birthday. Australia's S&P/ASX 200 rose 0.5 percent to 4,804.2 as natural resource companies advanced. Hong Kong's Hang Seng index added 0.4 percent to 23,139.58, with benchmarks in Taiwan, Singapore and New Zealand also posting gains. Meanwhile, South Korea's Kospi fe...

Stock index futures unchanged
Traders work on the floor of the New York Stock Exchange December 3, 2010. PARIS (Reuters) - Stock index futures pointed to a flat opening on Wall Street on Thursday, with futures for the S&P 500 down 0.04 percent, Dow Jones futures up 0.01 percent and NASDAQ 100 futures up 0.01 percent at 0917 GMT (4:17 a.m. ET). Energy shares will be in the spotlight as Oil Prices climbed to near a two-year high on Thursday, boosted by an unexpected surge in global demand that has fueled the biggest drop ...

Wall Street futures point to slightly lower open
LONDON (Reuters) - Stock futures for the Dow Jones industrial average, the S&P 500 and the NASDAQ 100 all fell 0.1 percent, pointing to a slightly weaker start for equities on Wall Street on Wednesday. Boeing Co (BA.N) said it will soon announce... Traders work on the floor of the New York Stock Exchange December 3, 2010. LONDON (Reuters) - Stock futures for the Dow Jones industrial average, the S&P 500 and the NASDAQ 100 all fell 0.1 percent, pointing to a slightly weaker start for eq...

Stock index futures unchanged
PARIS | Thu Dec 23, 2010 4:37am EST PARIS (Reuters) - Stock index futures pointed to a flat opening on Wall Street on Thursday, with futures for the S&P 500 down 0.04 percent, Dow Jones futures up 0.01 percent and NASDAQ 100 futures up 0.01 percent at 0917 GMT (4:17 a.m. ET). Energy shares will be in the spotlight as Oil Prices climbed to near a two-year high on Thursday, boosted by an unexpected surge in global demand that has fueled the biggest drop in U.S. Crude Oil stockpiles in more ...

Stocks poised for flat open
NEW YORK (CNNMoney.com) -- U.S. stocks were poised for a muted open Wednesday morning ahead of several economic reports, as investors pack up for the holidays and prepare for 2011. Dow Jones industrial average (INDU), S&P 500 (SPX) and NASDAQ (COMP) futures were nearly unchanged ahead of the opening bell. Futures measure current index values against perceived future performance. Email Print Comment On Tuesday, U.S. stocks rose modestly but managed to close at their highest levels in more t...

Existing Home Sales Come At 4.68 Million, Miss Estimates Of 4.75 Million, Home Inventory At 9.5 Months Supply
home sales, which came at 4.68 million units, a slight improvement to the almost all time lowest number posted in October (4.43 million), a miss to expectations of 4.75 million, and 27.9% off the cyclical peak of 6.49 million from November 2009, when the first-time buyer Tax Credit expired, and was shockingly not extended. The data follows this morning atrocious MBA numbers which showed a plunge of 18.6% in Mortgage applications, and 24.6% drop in refinancings. But if you listen to Goldman, the ...

Home sales rise 5.6% in November
NEW YORK (CNNMoney.com) -- Existing Home Sales picked up steam in November, though they are still down nearly 30% from this time last year. Sales of previously-owned homes jumped 5.6% in November to an annual rate of 4.68 million, the National Association of Realtors reported Wednesday. The rate was down 27.9% from 12 months earlier, when a homebuyer Tax Credit helped lift sales to a two-year high of 6.49 million. Email Print Comment The report came in slightly better than expected. A consensu...

Existing home sales improve, but still at distress levels
Sales of existing homes in November rose 6.7 percent over the previous month, but still 27.3 percent below the level a year ago....

Florida Home Sales and Prices Slide in November
Existing Home Sales fell 15 percent in November compared to a year ago, and prices dipped along with them, according to a report released Wednesday by the Florida Association of Realtors. The median sales price for a home was $132,700 last month, down 5 percent from November 2009. The voluntary Moratorium on Foreclosure filings imposed by Mortgage companies in recent months delayed closings on some properties and impacted sales activity, the FAR report states. Companies like JP Morgan Chase and ...

November existing home sales up 5.6 percent
WASHINGTON | Wed Dec 22, 2010 11:20am EST WASHINGTON (Reuters) - Sales of previously owned homes rose less than expected in November, suggesting the U.S. housing sector is still struggling to gain traction as high Unemployment and tight Lending standards continue to hamper recovery. Sales rose 5.6 percent to a seasonally adjusted annual unit rate of 4.68 million units, the National Association of Realtors said on Wednesday. Economists polled by Reuters had been looking for about 4.71 million ...

November existing home sales up 5.6 percent
WASHINGTON | Wed Dec 22, 2010 10:44am EST WASHINGTON (Reuters) - Sales of previously owned homes rose less than expected in November, suggesting the U.S. housing sector is still struggling to gain traction as high Unemployment and tight Lending standards continue to hamper recovery. Sales rose 5.6 percent to a seasonally adjusted annual unit rate of 4.68 million units, the National Association of Realtors said on Wednesday. Economists polled by Reuters had been looking for about 4.71 million ...

November Existing Home Sales: 4.68 million SAAR, 9.5 months of supply
by CalculatedRisk on 12/22/2010 10:00:00 AM The NAR reports: Existing-Home Sales Resume Uptrend with Stable Prices Existing-home sales, which are completed transactions that include single-family, townhomes, Condominiums and co-ops, rose 5.6 percent to a seasonally adjusted annual rate of 4.68 million in November from 4.43 million in October, but are 27.9 percent below the cyclical peak of 6.49 million in November 2009, which was the initial deadline for the first-time buyer Tax Credit. ... To...