U.S. stocksfell on Tuesday, with the S&P 500 retreating from a record close.» Read More
*Staples tumbles, Lowe's rises after results. NEW YORK, Aug 21- U.S. stocks dipped on Wednesday as investor caution prevailed before the Federal Reserve publishes the minutes of its July policy-setting meeting later on Wednesday.
Aug 21- Toll Brothers Inc reported a 24 percent jump in quarterly revenue due to higher home prices and said it expects to raise rates again in the current quarter, as customers buy its luxury houses undeterred by rising mortgage rates.
Lowe's profit blew past Wall Street expectations, but valuations are looking somewhat stretched. Is this the top for home improvement?
U.S. stock index futures were lower on Wednesday ahead of the release of the July minutes from the Federal Reserve's last policy meeting.
*Staples tumbles, Lowe's rises after results. NEW YORK, Aug 21- U.S. stocks were set to dip at the open on Wednesday as investor caution prevailed ahead of the publication of the minutes of the latest Federal Reserve policy-setting meeting.
*Staples tumbles, Lowe's rises after results. NEW YORK, Aug 21- U.S. stock index futures dipped in thin trading Wednesday amid investor caution ahead of the publication of the minutes of the latest Federal Reserve policy-setting meeting.
*Staples shares tumble, Lowe's rises after results. *Fed minutes due at 2:00 p.m. EDT ( 1800 GMT. *Retailers led gains in the previous session and will continue to be in focus in early trading as results from companies including Lowe's and Target take center stage.
*Average selling price rises 13 pct to $651,000. Aug 21- Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a 24 percent increase in revenue as it sold more homes at higher prices, showing signs of a recovering U.S. housing market. Net income fell to $46.6 million, or 26 cents per share, from $61.6 million, or 36 cents per share, a year earlier.
Tapering of the Fed's $85 billion monthly bond purchases has been discussed for months, driving interest rates higher.
Clearly demand is starting to sag, inventory is actually coming up, so the market is getting better balance, says Glenn Kelman, Redfin CEO, with a closer look at the real estate industry.
The recent pullback in housing stocks has created opportunity for investors to buy on weakness and some individual names stand out from the pack, analysts told CNBC.
Partly on an increase in confidence data, home builder stocks are up despite last week's selloff. Analysts Jack Micenko, Susquehanna Financial, and Daniel Oppenheim, Credit Suisse, provide insight.
The Fed gathering in Jackson Hole and the minutes of the last Fed meeting could keep markets volatile in the week ahead.
Canada's overheated housing market continues to defy a U.S. style real estate crash, but even the most optimistic of investors are now bracing for pain.
The near-completion of the Shanghai Tower and the beginning of work on the world's tallest building in Changsha could be clear signs that the Chinese economy is heading for a fall.
The real estate market might be heading into troubled territory, Dani Babb of The Babb Group says.
*PulteGroup orders fall 12 percent to 4,885 homes. *D.R. Horton order growth slows to 12 percent. *PulteGroup shares fall 12 pct, D.R. Horton shares slide 9 pct.
The Dow and S&P 500 finished in negative territory Wednesday as investors digested the latest batch of corporate earnings, while stronger-than-expected results from Apple helped limit losses on the Nasdaq.
Stocks closed lower Tuesday, with the S&P 500 breaking an 8-day rally, following a mixed batch of economic and earnings reports and as investors hesitated to jump in ahead of Fed Chairman Ben Bernanke's congressional testimony.
Rates on U.S. home mortgages surged to the highest level in close to two years last week as the recent sell-off in the bond market drove borrowing rates higher.