Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.» Read More
Consumer confidence at highest level since January 2008. WASHINGTON, June 24- U.S. consumer confidence jumped to its highest level in nearly 6-1/ 2 years in June and sales of new homes surged in May, the latest signs that the economy has regained momentum.
Take a look at some of Tuesday's midday movers.
*Wisconsin Energy to buy Integrys for $9.1 bln. Financial data firm Markit's Composite Purchasing Managers' Index for the euro zone fell more than expected, though the HSBC/ Markit Flash China Manufacturing Purchasing Managers' Index rose into expansion territory for the first time in six months.
Americans increasingly say they prefer to live near the centers of cities and towns, but it carries a costly trade-off.
For the second year in a row, selling in May hasn't panned out the way people thought it would.
Looking ahead to the summer housing season, with Bill Pulte, Pulte Capital Partners CEO. He says the spring season came late, but it's been strong.
*Hewlett-Packard's revenue misses Wall St estimates. Among momentum names, noted for high growth and perceptions of excessive valuation, Vertex Pharmaceuticals shares shot up 6 percent to $71.18, while Alexion Pharmaceuticals rose 2.5 percent to $160.48.
Some of Thursday's midday movers:
*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.
*D.R. Horton shares rise 9 pct, PulteGroup 4 pct. April 24- D.R. Horton Inc and PulteGroup Inc, the two biggest U.S. homebuilders, said a tight supply of homes is helping them to raise prices, suggesting that the market is regaining strength ahead of the crucial spring selling season.
Bouyed by higher-end homes, D.R. Horton turns the tables by announcing it will now also focus on the entry-level market.
Investors liked what they saw in Facebook and Apple, but Wall Street fell after a slew of earnings and data couldn't sustain the bounce.
April 24- PulteGroup Inc, the No. 2 U.S. homebuilder, reported an 8 percent drop in first-quarter profit as a shortage of developed land constrained its ability to build more homes. PulteGroup's average selling price rose 10 percent to $317,000, but was not enough to offset a 10 percent drop in the number of completed homes.
April 24- PulteGroup Inc, the No. 2 U.S. homebuilder, reported an 8 percent drop in quarterly profit as it handed over fewer homes to buyers and said orders fell 6 percent. The company's net income dropped to $74.8 million, or 19 cents per share, in the first quarter ended March 31 from $81.8 million, or 21 cents per share, a year earlier.
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..
One long winter may be impacting traders' sentiment on home builder stocks.
Anticipating a potential hit to the housing market as rates begin to creep higher, with Bill Pulte, Pulte Capital Partners CEO. Bob Wetenhall, RBC equity analyst, explains why he likes Lennar and Pulte.