This trend is driving the markets right now.
Stocks shed 1.4 percent Friday, . Goldman Sachs tumbled on reports of a federal probe, prompting investors to unload bank shares. The Dow was down more than 130 points, or 1.2 percent, with 10 minutes to go on the clock.
Stocks continued to fall in the final hour as Goldman Sachs tumbled on reports of a federal probe, prompting investors to unload bank shares.
Once again Goldman Sachs is the story of the day – but this time the drama surrounds the stock’s price action.
Stocks were lower in midday trading amid disappointing economic news, with financials and technology leading the way.
Europe about flat this morning, strong belief that a package for Europe will be announced Sunday or Monday
What follows is a roundup of corporate earnings reports for Friday, April 30.
Unlike most companies, the fortunes of the homebuilders are intrinsically tied to interest rates. But that sector is notoriously violent. How should you trade it?
Surprise! Stocks staged a modest rally — before slipping back on Fed rate-hike comments — on the results of the 10-year Treasury auction, which yielded 3.90 percent, above expectations of a yield of 3.94 to 3.95 percent. Indirect Bidders (generally viewed to be central banks) was 43.1 percent, well above the average of 40.6 percent...
It’s one of the great mysteries of the mortgage crisis: Why did Texas—Texas, of all places!—escape the real estate bust?
Existing home sales, while in-line with expectations at a seasonally adjusted annual rate of 5.02 million units, are still disappointing.
KB Homes posted a bigger-than-expected quarterly loss on Tuesday as prices and demand for its houses sagged. How should you invest in the homebuilding sector? Eric Landry, analyst at Morningstar discussed his strategies.
Find out how the US government is doing more to hurt homeowners than help them.
Earlier today, the National Association of Home Builders reported a 2 point decline in their Housing Market Index, back to its level from May of last year. Details revealed that traffic fell to its lowest levels in a year. Tomorrow, we get another read on the real estate market with Housing Starts scheduled to come out at 8:30 am and consensus numbers are expecting a drop there as well. Despite these numbers, housing stocks have been gaining.
Despite a fairly decent earnings report out of Toll Brothers this morning, some concerns linger over the state of the housing industry. Toll’s CEO Robert Toll pointed out that the speed of a housing recover has been “hard to discern” due to “unevenness in demand” the homebuilder has seen since September.
Lumber prices recently hit a new high; just as some homebuilder stocks finally started seeing some relief. So will the pricey lumber stall the recovery in homebuilding stocks? David Goldberg, building and building products analyst and Phil Gotthelf, president and commodities analyst at Equidex shared his insights.
Although the knee-jerk reaction was to sell and ask questions later, is the Fed's rate hike a signal that the economy is improving?
Housing starts rebounded more than expected, while permits fell slightly less than forecast. Does this signal a housing market recovery—and hopes for home builders? Megan Talbott McGrath, home builder analyst at Barclays Capital, and Paul Puryear, director of real estate research at Raymond James, discussed their sector outlooks.
Standard Pacific is attracting upside option activity ahead of its fourth-quarter earnings report after the market closes today.
Stocks on Wall Street could be put to the test Wednesday, after the market notched its best two-day gain in four months.