Some of Tuesday's midday movers:» Read More
Generational forces and still-tight mortgage lending standards are holding back housing from a more robust recovery, Lennar CEO Stuart Miller tells CNBC.
Stuart Miller, Lennar Corp. CEO, shares perspective on the housing recovery and mortgage market. It's unclear when household formation will resume, say Miller. And Mike Jackson, AutoNation chairman, weighs in.
*Hewlett-Packard shares soar after announcing job cuts. NEW YORK, May 23- The S&P 500 closed at a record high on Friday, buoyed by a rally in housing stocks after better-than-expected home sales and a jump in Hewlett-Packard shares a day after the personal computer maker said it would cut more jobs.
Stocks rose Friday, with the S&P 500 on track for its first weekly advance in three, after a better-than-expected housing report.
NEW YORK, May 23- The S&P 500 was on track for a record closing high on Friday, boosted by a better-than-expected reading on the housing market, which gave a lift to homebuilding stocks. Shares of Lennar Corp, the second-largest U.S. homebuilder in terms of revenue, shot up 3.4 percent to $40.33.
WASHINGTON, May 23- Sales of new U.S. single-family homes rose in April and the stock of houses on the market hit a 3-1/ 2 year high, but economists said the market was still not clearly gaining steam.
Some of Thursday's midday movers:
VIENNA, May 15- Austrian viscose-fibres maker Lenzing's profits fell by less than expected in the first quarter as it accelerated a cost-cutting plan, lifting its shares more than 5 percent.
*S&P 500 rises above 1,900 for the first time. NEW YORK, May 13- U.S. stocks rose modestly on Tuesday, with the Dow and S&P 500 both inching to record levels despite economic data that painted a mixed picture of the economy.
The Ira Sohn Investment Conference gets underway, with a bevy of high-profile managers set to give their picks.
NEW YORK, April 30- When it came time for Tom Moser and his wife to consider having his 83- year-old father move in with them, a house with a special multigenerational floor plan solved their problems- and may have saved his dad's life.
Some of Wednesday's midday movers:
Sales of new U.S. single-family homes tumbled to their lowest level in 8 months, dealing a setback to the housing market recovery.
The Dow Jones U.S. Home Construction index has regained much of the ground lost in the second half of 2013, when rising mortgage rates and wider economic uncertainty broke an 18- month winning streak for homebuilder stocks. The average forecast covers D.R. Horton Inc, PulteGroup Inc, Lennar Corp, KB Home and Toll Brothers Inc..
More new shorts were added in Nasdaq stocks in the end of March, but they declined on NYSE names.
Of the 21 S&P companies that have already reported Q1 earnings, nearly half have cited the negative impact of the weather.
One long winter may be impacting traders' sentiment on home builder stocks.
Smart technology has already enabled home owners to control utilities, temperature, even security from handheld devices. Here's what's next.
The stock market could be stuck in neutral as investors wait for first-quarter earnings to confirm valuations.
NEW YORK, March 20- U.S. stocks rose on Thursday, after a batch of economic data pointed to an improving economy and investors reassessed Fed Chair Janet Yellen's comments that had fueled speculation of an earlier-than-expected rate hike by the central bank.