Tuesday’s calendar is jam packed. Before the opening bell, American Eagle, Barnes & Noble, Cracker Barrel, Dollar Tree, HJ Heinz and Hormel Foods will report quarterly earnings. The preliminary third-quarter gross domestic product report is due at 8:30 a.m. ET. The S&P/Case-Shiller home price in...
(less)
September home prices were down a little less than 9 percent from a year ago, according to the most recent S&P/Case Schiller index. Compared to August, home prices were up three tenths of a percent for the month, the fifth monthly increase in a row. 19 of the 20 major markets saw increa...
(less)
Revised government statistics confirmed that the U.S. economy returned to growth in the third quarter, though data indicated that the expansion was weaker than people had previously thought. The results still marked the first period of economic growth since the second quarter of 2008, but there ...
(less)
The market is showing weakness in early going Tuesday. Each of the majors opened in the red. Revised government data showed that the U.S economy grew 2.8 percent in the third quarter. In a separate report, better-than-expected September home prices slipped from last year. In earnings news, Hewle...
(less)
Asian markets were mostly lower on Tuesday, as Japan was down nearly 100 points. Hong Kong plunged almost 350 points, while China lost 115 points or 3 and a half percent.South Korea lost a dozen points to finish lower for the second straight day, while Taiwan bucked the trend by adding almost 30...
(less)
U.S. stocks were managing to hold on to early gains through mid-afternoon on Monday. A much bigger than expected increase in existing homes in October spurred the rise. Traders were also encouraged by better than anticipated earnings from Campbell’s, while Ciena announced the acquisition of asse...
(less)
The late Michael Jackson won big at last night’s American Music Awards, taking home honors in four categories, including Favorite Male Soul/R&B Artist and Favorite Male Pop/Rock Artist. In other news Stevie Wonder, Aretha Franklin and the Temptations helped Motown throw a party in Detroit for th...
(less)
Asian markets were mostly higher on Monday, although Japan was closed for a public holiday. Hong Kong surged 315 points, while China added a dozen points to erase the losses from Friday’s session. South Korea lost a point to end its three-day winning streak, while Taiwan gained just 4 points. Au...
(less)
Stocks opened strong and rallied into the close, halting a 3-day losing streak. Existing home sales surged to their highest level in more than 2 ½ years last month. Campbell Soup reported a larger-than-expected spike in first quarter profit. Additionally, network specialist Ciena agreed...
(less)
Campbell’s Soup reported a 20 percent jump in first quarter profit, beating estimates. A cut in expenses offset a slight decline in sales. The soup maker also raised its full-year guidance on the results.
(less)
Industry data showed that sales of previously owned homes surged 10.1 percent in October. This comes on the heels of Congress’s decision to extend the first time home buyer credit. Existing home sales rose to an annual rate of 6.1 million units last month from 5.54 million units in Septe...
(less)
Consumer Confidence Edges Higher In November
