Stocks closed down 1 percent after the minutes from the last Fed policy setting meeting suggested the central bank could begin tapering bond purchases sooner than the market expects.» Read More
Baby boomers who don’t want to retire to a distant locale (some place warmer or cheaper) may be causing a long-term drag on the U.S. housing sector – and the economy. According to a survey done by Home Depot – 89% of older Americans want to stay in their present houses for as long as possible. But companies like Home Depot are seeing a business opportunity in reaching out to boomers who want to stay put.
Shares of Home Depot have been trading lower after the second largest U.S. retailer reiterated that no talks have taken place involving a leveraged buyout. Deal rumors boosted share price nearly 3% on Friday. On CNBC’s “Squawk on the Street,” David Faber revealed what’s going on with Home Depot.
We told you earlier about the U.S. stock selloff--but they ended up, making comeback and bouncing off their lows of the session. There was that triple digit sell-off late in the afternoon only to see a rally in the last half hour of trading. CNBC's Mary Thompson has all the details in "Eye On The Floor."
Shares of Home Depot rose following published reports that private investors could be circling the home improvement store chain for a huge leveraged buyout.
Wall Street will be paying close attention to signs about the health of the economy after a sharp selloff in stocks.