Several companies missed profit estimates today, bucking the trend. Here's what it means for the markets....» Read More
DR Horton fell$. 11 or. 5 percent, to $20.86. Hovnanian Enterprises Inc. fell$. 12 or 2.8 percent, to $4.13. Lennar Corp. fell$. 44 or 1.2 percent, to $37.03.
DR Horton fell$. 05 or. 2 percent, to $20.92. Hovnanian Enterprises Inc. fell$. 16 or 3.8 percent, to $4.09. Lennar Corp. fell$. 32 or. 9 percent, to $37.15.
DR Horton rose$. 01 or percent, to $20.98. Hovnanian Enterprises Inc. fell$. 11 or 2.6 percent, to $4.14. Lennar Corp. fell$. 01 or percent, to $37.46.
DR Horton fell$. 13 or. 6 percent, to $21.48. Hovnanian Enterprises Inc. fell$. 13 or 2.9 percent, to $4.29. Lennar Corp. fell$. 79 or 2.1 percent, to $37.64.
*Dollar Tree offers to buy Family Dollar; deal valued at $9.2 bln. Dollar Tree Inc offered to buy rival discount chain Family Dollar Stores Inc for about $8.5 billion. The transaction, including debt, values Family Dollar at about $9.2 billion.
DR Horton fell$. 43 or 2.0 percent, to $21.18. Hovnanian Enterprises Inc. fell$. 09 or 2.0 percent, to $4.33. Lennar Corp. fell $1.06 or 2.8 percent, to $37.37.
Homebuilder D.R. Horton fell 3 percent, making it one of the biggest decliners in the S&P 500.. Family Dollar soared 23 percent after Dollar Tree announced plans to buy the rival discount store. Last month, Carl Icahn, who has built up a stake in the company, urged Family Dollar to sell itself.
WASHINGTON, July 28- Contracts to buy previously-owned U.S. homes unexpectedly fell in June, but the data did little to change perceptions the housing sector was gradually recovering after slumping in late 2013.. The National Association of Realtors said its Pending Home Sales Index, based on contracts signed last month, fell 1.1 percent to 102.7.
*Dollar Tree offers to buy Family Dollar for $9.2 bln. While acquisition activity limited the market's decline, keeping indexes near record levels, investors found few reasons to buy as the data followed some high-profile disappointments in corporate earnings, including from Amazon.com and Caterpillar last week. D.R. Horton Inc fell 1.7 percent to $21.24.
DR Horton fell$. 19 or. 9 percent, to $21.42. Hovnanian Enterprises Inc. fell$. 04 or. 9 percent, to $4.38. Lennar Corp. fell$. 55 or 1.4 percent, to $37.88.
DR Horton fell $2.86 or 11.5 percent, to $21.94. Hovnanian Enterprises Inc. fell$. 17 or 3.7 percent, to $4.46. Lennar Corp. fell $1.24 or 3.1 percent, to $39.27.
*Caterpillar drags on Dow; Facebook at record on results. *Amazon shares fall after market's close; Baidu rallies. NEW YORK, July 24- U.S. stocks finished a quiet session mostly flat on Thursday as earnings painted a mixed picture of the economy, though the S&P 500 set another record closing high.
*Caterpillar drags on Dow; Facebook stock at record on results. NEW YORK, July 24- U.S. stocks ended a quiet session on Thursday as earnings painted a mixed picture of the economy, though the S&P 500 set another record closing high. Recent gains on Wall Street have been fueled by earnings, which have been strong this quarter.
*U.S. stocks edge up along with MSCI world index. "The lower-than-expected U.S. initial jobless claims has made people focus on the improving labor market situation," said Ian Lyngen, senior government bond strategist, at CRT Capital in Stamford, Connecticut.
*Caterpillar weighs on Dow, Facebook hits record on results. NEW YORK, July 24- U.S. stocks barely budged on Thursday as corporate earnings painted a mixed picture of the economy, though the S&P 500 eked out a record intraday high for the third straight session.
Some of Thursday's midday movers:
WASHINGTON, July 24- The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/ 2 years last week, suggesting the labor market recovery was gaining traction. "The economy is doing better," said Ryan Sweet, a senior economist at Moody's Analytics in West Chester, Pennsylvania.
*D.R. Horton shares down 10 pct, PulteGroup down 3 pct. July 24- D.R. Horton Inc, the No.1 U.S. homebuilder, said it had to offer discounts in the third quarter to boost sales in Chicago, a particularly bleak spot in a weak U.S. housing market.
The PHLX housing sector index fell 2.36 percent, with shares of D.R. Horton Inc, the No. 1 U.S. homebuilder, dropping more than 3 percent. D.R. Horton spooked investors on Thursday when it reported a 23- percent drop in third-quarter profit.
NEW YORK— A look at the 10 biggest percentage decliners on New York Stock Exchange at the close of trading:. Invacare Corp. fell 14.9 percent to $14.96. Kemet Corp. fell 14.9 percent to $5.15.