NEW YORK — U.S. stock indexes were little changed in early trading Tuesday as investors worked through a handful of economic reports. Homebuilder stocks rose sharply after the government reported that sales of new U.S. homes rose in May to the highest level in six years.
KEEPING SCORE: The Dow Jones industrial average rose 10 points, or 0.06 percent, to 16,947 in the first hour of trading. The Standard & Poor's 500 index rose a point, or 0.1 percent, to 1,964 and the Nasdaq composite was up 14 points, or 0.3 percent, to 4,382.
DRUG BOOST: Vertex Pharmaceuticals soared $27.13, or 40 percent, to $93.77 after saying its treatment for cystic fibrosis appeared to work better than a placebo in a late-stage study. Vertex plans to seek approval for the treatment in the U.S. and Europe.
EARNINGS MISS: Drugstore chain Walgreen fell $1.75, or 2.5 percent, to $71.99 after the company reported a fiscal third-quarter profit that missed analysts' expectations.
INDICATORS: The Commerce Department said sales of new homes jumped 18.6 percent in May to an annualized rate of 504,000. That's the highest level since May 2008. In a separate report, the Conference Board said consumer confidence rose to 85.2 in June, better than the 83.5 economists had predicted.
BONDS AND COMMODITIES: Bond prices rose. The yield on the 10-year Treasury note fell to 2.61 percent from 2.63 on Monday. The price of oil was little changed at $106.16 a barrel.
Anda sedang membaca artikel tentang
Stocks flat despite strong housing, consumer data
Dengan url
http://terdiamtersipu.blogspot.com/2014/06/stocks-flat-despite-strong-housing.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Stocks flat despite strong housing, consumer data
namun jangan lupa untuk meletakkan link
Stocks flat despite strong housing, consumer data
sebagai sumbernya
0 komentar:
Posting Komentar