The "Fast Money" traders share their final trades of the day.» Read More
*Summers in surprise withdrawal from Fed chair consideration. NEW YORK, Sept 16- U.S. stocks rallied on Monday after former Treasury Secretary Lawrence Summers' withdrew as a candidate for Federal Reserve chairman, removing market uncertainty about a long confirmation process that already had plenty of opposition.
NEW YORK, Sept 16- U.S. stocks rose on Monday after former Treasury Secretary Lawrence Summers' withdrew as a candidate for Federal Reserve chairman, removing market uncertainty about a long confirmation process that already had plenty of opposition.
Some of the names on the move ahead of the open.
Professional traders told “Fast Money” how they plan to trade the swings in sentiment, as well as stocks. For some, it's all about housing.
The relatively sharp jump in interest rates since the beginning of May has taken a toll on the stock market, and analysts see more pain ahead.
*GDP, labor data points to improved economic strength. *Vodafone in talks with Verizon to sell out of venture. NEW YORK, Aug 29- U.S. stocks rose on Thursday as data pointed to better-than-expected economic growth while concerns over Syria receded as a potential Western military strike on the country appeared to be delayed for now.
NEW YORK, Aug 28- Wall Street rose on Wednesday as the United States and its allies appeared to edge closer to attacking Syria, which lifted energy stocks and world oil prices on concerns about supply.
*Britain to seek UN Security Council go-ahead on Syria. NEW YORK, Aug 28- Wall Street advanced on Wednesday after two straight days of declines, as a climb in oil prices lifted energy shares after the United States and its allies appeared prepared to attack Syria, heightening concerns over global oil supplies.
Aug 21- Toll Brothers Inc reported a 24 percent jump in quarterly revenue due to higher home prices and said it expects to raise rates again in the current quarter, as customers buy its luxury houses undeterred by rising mortgage rates.
A few stocks in the home building space may be bargains, Stuart Frankel's Steve Grasso says.
Stocks finished slightly lower in lackluster trading Friday, extending their losses for a third-straight session. Major indexes posted their first back-to-back weekly losses since late June.
Stocks finished near their session lows Thursday, with the Dow dropping more than 200 points, as bond yields jumped to their highest level in two years and as the market continued to gauge when the Federal Reserve might start to reduce its asset purchases.
The "Fast Money" traders share their final trades of the day.
A lean supply of homes for sale is boosting confidence among U.S. home builders, according to a monthly sentiment survey from the National Association of Home Builders.
They were a bet on the recovery. But a shift in dynamic makes Cramer extremely cautious.
“This market loves to change its stripes,” noted Cramer. And they’re changing right now.
Stocks eked out a small gain in volatile trading Thursday, lifted by materials, as investors digested the latest round of corporate earnings.
DR Horton (DHI) is the home builder that is probably most associated with the first-time buyer. This morning, both they and PulteGroup (PHM) reported new orders (a key metric) below expectations.
Homebuilder PulteGroup's second-quarter profit missed analysts' expectation on increased expenses. Meanwhile, rival D.R. Horton reported a better-than-expected profit.
*PulteGroup orders fall 12 percent to 4,885 homes. *D.R. Horton order growth slows to 12 percent. *PulteGroup shares fall 12 pct, D.R. Horton shares slide 9 pct.