Stocks declined Tuesday, after soaring to new 2009 highs on Monday, as a report showed the economy grew less than expected in the third quarter and HP issued a cautious outlook.
Tuesday, 24 Nov 2009 | Posted By:
Joseph Pisani | Source: CNBC.com
Over 500 people piled into a hotel ballroom in Manhattan this past weekend hoping to snag a cheap luxury condominium at the first auction of its kind in New York City.
U.S. home prices rose for the fifth straight month and posted the second quarterly increase, but the pace of appreciation slowed and was less than expected, according to Standard & Poor's/Case-Shiller indexes.
U..S. stock index futures were mixed Tuesday after Monday's gains which gave the U.S. stock market a positive start towards continuing a historical trend.
Oil prices fell on Tuesday after data showed the U.S. economy grew at a slower-than-expected pace last quarter and investors braced for weekly figures to show crude stocks rose in the world's top energy consumer last week.
Sales of previously owned homes jumped in October to the highest level in more than 2-1/2 years as buyers rushed to take advantage of a popular tax credit, a survey showed.
China should immediately halt some of its real estate stimulus policies, or risk inflating a bubble that in its bursting would wreak financial and even social trouble, a central bank newspaper said.
A senior U.S. Federal Reserve official said the central bank should keep alive its mortgage-related assets purchase program beyond a planned end-date to help the economy recover from a painful recession.
The dollar fell against a basket of currencies Monday after comments from a Federal Reserve official reinforced expectations U.S. interest rates would stay low for some time.
Australian building materials maker James Hardie Industries says full-year earnings would meet the top of market forecasts as the U.S. housing market, the core of its business, hits bottom.
D.R. Horton, the No. 2 U.S. homebuilder, reported a much larger-than-expected quarterly loss on Friday, sending its shares down nearly 7 percent even though it also said orders increased.
Home prices rose for the fifth straight month and posted the second quarterly increase, but the pace of appreciation in September slowed and was less than expected, according to Standard & Poor's/Case-Shiller indexes... Read More