Stocks eked out small gains in volatile trading Wednesday, with the Nasdaq briefly hitting a 14-year high.» Read More
CoreLogic, a private real estate data provider, said U.S. home prices rose 4.6 percent in August from a year ago, the largest year-over-year increase in more than six years. Prices are rising in most parts of the country, CoreLogic said. _ PulteGroup Inc., up 18 cents, or 1.2 percent, to $15.49.
*Credit Suisse cuts PulteGroup Inc to neutral from outperform. *Credit Suisse raises PulteGroup Inc price target to $15 from $12.50. *Credit Suisse cuts MDC Holdings Inc to underperform from neutral.
The government has been pushing more short sales at Fannie Mae and Freddie Mac through financial incentives, and banks are streamlining the process. But all the progress that has been made could end abruptly.
Stocks staged a strong comeback from their lows Monday, with the Dow posting a triple-digit recovery, but all three major indexes still finished in the red amid fresh worries over the euro zone.