Sales of existing homes in Boston were down in January, but those buyers made offers before the big snow hit.» Read More
For the week and month ending Friday, August 29, 2008, the major U.S. Indices ended slightly lower for the week but up for the month. The markets had a volatile week, sinking first on housing price drops and an up-tick in oil prices, then rallying on better-than-expected GDP numbers, and finally falling to end the week on worse-than-expected personal income and spending data. The Dow hit a 200+ point rally on Thursday, its largest one day gain since 8/8. The NASDAQ led the indices to the downside this week, down nearly 2%. For the August close, the Dow, Nasdaq and S&P all finished up 1.5% or more, marking the best monthly gain since April for the Dow & S&P, and best month for the Nasdaq since May.
Plus, his take on housing stocks and a call correction from last week.
The Mad Money host puts an expiration date on this misery and offers 10 reasons why he’s sure the end is near.
Homebuilders have been at the epicenter of the credit crisis. Have they finally hit a bottom?
Where some countries' troubles are just getting started, we look to be coming out of ours here at home.
A down day in Wednesday's market doesn't tell the whole story, Cramer says.
Following are the day’s biggest winners and losers. Find out why shares of Schlumberger and Longs Drug Stores popped while Home Depot and Liz Claiborne dropped.
Google CEO shares his insights on the company and the CEO of Toll Brothers explains why he is still satisfied despite the company's weak earnings. Following are today's top videos:
Stocks closed lower, hurt by rising oil prices and fresh worries about the financial sector, though the market ended off its lows for the day.
So how do you report a 34 percent drop in revenue, a 35% drop in net contracts and a nearly 20% cancellation rate and still come out as the darling of the home building analysts? Welcome to today’s housing market.
Stocks opened lower amid signs that the consumer was buying fewer goods that will cost more in the future.
The Bank of England cut its GDP forecast and said inflation might hit 5 percent, well above the target rate. Despite the inflation worries, the bet is still tilted toward the BoE cutting rates before they raise them.
Toll Brothers said quarterly home-building revenue dropped about 34 percent, less sharply than analysts were expecting, but it did not provide an earnings outlook because of the current state of the market.
Outside investment in a major bank has Cramer thinking we're ready for a turnaround.
Friday shows are the only time Cramer has a trading mentality -- the rest of the show is about investing, where it pays to be patient.
It's time for the Fast Money market midterm. Our topic is the housing market. Hope you studied because this one could be ugly!
Stocks swung to the upside as oil fell sharply on Thursday. What follows are the day's video highlights.
Real estate giants gathered in New York City on Thursday for the Bank of America Homebuilder Conference. CNBC has the highlights from the conference.
Bob Toll doesn't buy the numbers from Commerce. The CEO of Toll Bros. says there's no way new home sales are running as high as the census bean counters claim because they don't include cancellations which are still running around 30 percent.
Friday was the first day in what should be a good run in the market.