U.S. stocks rose Tuesday, with the Dow and S&P headed to record finishes.» Read More
So the government shuts down, and Wall Street opens...up. What will get the stock market worried?
The IPO market has been white hot. But if you're not strategic it could burn you, badly.
The Mad Money host had cooled on these stocks. But he’s warming up again.
With housing influencing so much of the broader recovery, Cramer says it’s prudent to often take the temperature of this sector.
Lennar Corporation CEO Stuart Miller discusses how lower interest rates are impacting the housing sector, and why focusing on apartment units helps his business.
Stocks stumbled in the final minutes of trading to end near session lows Tuesday, with the Dow and S&P posting their fourth-straight session in the red, as investors remained cautious amid uncertainties surrounding central bank's stimulus program and budget discussions in Washington.
*Applied Materials shares rise on merger with Tokyo Electron. *Facebook leads Nasdaq on report it could be allowed in China. Tea Party- backed U.S. senators, threatening to stall a bill to fund the U.S. government, ran into a wall of resistance from top Senate Republicans, including Minority Leader Mitch McConnell.
Home prices are up, but home ownership is at its lowest point in 18 years. Barney Frank, former Massachusetts Congressman, discusses the growing trend to rent homes. "Home ownership is good for people who can afford it," he says.
*Applied Materials shares rise on merger with Tokyo Electron. NEW YORK, Sept 24- The S&P 500 was barely higher on Tuesday and on track to end a three-session losing streak after housing data pointed to a slowly improving economy, but gains were limited by concern over budget negotiations in Washington.
Housing prices climbed an annualized 12 percent and home builder Lennar had a blowout quarter. CNBC's Diana Olick reports. And Ken Rosen, Rosen Consulting Group, and Bob Wettenhall, RBC Capital Markets, discuss a housing bubble.
*Lennar earnings $0.54 per share vs est $0.45. *Lennar shares up 6 pct; KB Home shares rise 7 pct. Sept 24- Lennar Corp and KB Home posted strong quarterly earnings as scarcity of new homes kept the U.S. housing recovery firmly on track.
*Applied Materials shares rise on merger with Tokyo Electron. *Facebook leads Nasdaq on report it could be allowed in China. "We are seeing that once again where, after some weakness, the buyers do kind of dip their toes in," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research in Cincinnati, Ohio.
Lennar reported a better-than-expected quarterly profit as it sold more homes at higher prices, indicating the U.S. housing recovery is firmly on track.
*S&P/Case Shiller home price index up 0.6 pct y/y in July. NEW YORK, Sept 24- U.S. home prices slowed their rate of gains in July and a dip in consumer confidence this month underscored the potential for higher borrowing costs and a sluggish economy to dent a housing market recovery.
While newly built homes have always sold at a premium to existing homes, the divide is widening. Could this be the beginning of a bubble?
*Applied Materials shares rise on merger with Tokyo Electron. *Facebook leads Nasdaq on report it could be allowed in China. The S&P 500 faced a possible fourth straight day of decline, but a gain of nearly 5 percent in Facebook shares led the Nasdaq composite index higher.
The odds of a government shutdown over a spending bill appear to be falling. But the annoying part is the deal may only keep the government funded through November.
U.S. stock index futures ticked higher Tuesday after a housing report that showed home prices rose in July, but gains were limited as investors digested some mixed messages from Federal Reserve officials on the future of the central bank's stimulus program.
*Third-quarter revenue $1.60 bln vs est $1.56 bln. Sept 24- Lennar Corp, the No. 3 U.S. homebuilder, reported a better-than-expected quarterly profit as it sold more homes at higher prices, indicating the U.S. housing recovery is firmly on track.
Some of the names on the move ahead of the open.