Stocks closed down 1 percent after the minutes from the last Fed policy setting meeting suggested the central bank could begin tapering bond purchases sooner than the market expects.» Read More
*First-quarter earnings/share $0.03 vs loss $0.02 last year. Feb 20- Toll Brothers Inc, the largest luxury homebuilder in the United States, reported a 49 percent jump in new orders in the first quarter and said it would enter the apartment rental business to take advantage of a supply crunch.
Feb 20- Toll Brothers Inc, the largest luxury homebuilder in the United States, reported a quarterly profit compared with a loss in the previous year and said new orders jumped 49 percent. Net income for the first quarter was $4.4 million, or 3 cents per share, compared with a loss of $2.8 million, or 2 cents per share, a year earlier.
WASHINGTON, Feb 20- U.S. builders broke ground on fewer homes last month but a jump in permits for future construction to a 4-1/ 2 year high indicated the housing market recovery remains on track.
*Office Depot, OfficeMax confirm merger. NEW YORK, Feb 20- U.S. stocks dipped on Wednesday, with energy shares falling as investors found few reasons to buy following a rally that has held major indexes near five-year highs for three weeks. Certainly it sparks concern, "said Michael James, senior trader at Wedbush Morgan in Los Angeles.
Stocks finished modestly higher across the board Tuesday, with the Dow and S&P 500 closing at their best levels since October 2007, lifted by optimism for more M&A deals and after positive economic data from Europe.
Amid recent investor skepticism of the high-end home builder, Toll Brothers reports earnings before the bell Wednesday.
High-end home builder Toll Brothers reports fiscal Q1 earnings on Wednesday. CNBC's Diana Olick reports on analysts' expectations.
Next week is an eclectic one for earnings. Here's what to expect from the retailers.
If there's a Holy Grail on Wall Street, it's got to be this.
Foreclosed single-family homes are one of the top trades around, Colony Capital's Tom Barrack says.
One problem with stocks at new highs: Corporate buybacks have been dropping, hitting an eight-month low last week, according to TrimTabs.
After improving in 2011, foreclosures ramped up again in 2012, and will likely continue to rise as banks clear out backlogs of distressed loans. More than half of the top 200 U.S. housing markets saw foreclosure numbers rise, according to a new report from RealtyTrac, reports CNBC's Diana Olick.
If there is any bright side to the report, it's that the Federal Reserve is unlikely to make noises about ending its stimulus program any time soon.
Women are getting married later, having kids later and out of wedlock, all prompting them to seek the convenience of large, full-service rental apartment buildings, reports CNBC's Diana Olick.
Is top-line improving? Last quarter, almost every company came in flat or below analysts' expectations on revenues. Today, I am looking at just 15 companies reporting below estimates. That is an important change in trend.
Faced with heavy competition from a hot rental market, some of the nation’s home builders are turning some of their resources to building multi-family, rental apartment buildings.
*Bank of America, Citigroup results weigh on financials. NEW YORK, Jan 17- Stronger-than-expected data on U.S. housing starts and jobless claims lit a fire under stocks on Thursday, pushing the S&P 500 to a five-year high and its third day of gains.
Stocks ended sharply higher Thursday, as Wall Street cheered a pair of encouraging data and largely shrugged off weakness in financials.
*Bank of America, Citigroup results weigh on financials. *Dow up 0.6 pct, S&P 500 up 0.6 pct, Nasdaq up 0.6 pct. NEW YORK, Jan 17- Stronger-than-expected data on U.S. housing starts and jobless claims lit a fire under stocks on Thursday, pushing the S&P 500 to a five-year high and its third day of gains.
*EBay gains after results beat expectations. *Bank of America, Citigroup results weigh on financials. NEW YORK, Jan 17- U.S. stocks climbed on Thursday, with the S&P 500 advancing to a five-year intraday high on signs of strength in the housing and job markets and on better-than-expected results from online marketplace eBay.