The nation continues to see foreclosure rates decline to lows not seen since 2000, or 2007. It is still has a ground to make up, however judicial states could be holding the market back from recovery. Here’s why. …read more
From:: Real Estate Wire
Dow, S&P end little-changed; Apple sinks Nasdaq
U.S. stocks finished flat Thursday as an afternoon rebound in oil prices helped shares rise off their session lows. However, a sharp drop in Apple Inc. weighed on the Nasdaq Composite. The S&P 500 finished little-changed at 2,064.12. The Dow gained 9 points, or less than 0.1%, to 17,720. The Nasdaq Composite index shed 23 points, or 0.5% to 4,737. On Wednesday, the Dow and S&P logged their worst daily performances in a month.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Oil futures settle higher for a third straight session
Oil futures settled higher Thursday to mark a third straight session gain, buoyed by expectations that the global glut of crude supplies will ease on the back of production declines. June WTI crude rose 47 cents, or 1%, to settle at $46.70 a barrel on the New York Mercantile Exchange. Prices had fallen to lows under $46, pressured by rising production in Iran.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
JetBlue’s stock drops sharply, with other airline stocks in tow
Shares of JetBlue Airways Corp.’s slumped 4% toward a 13-month low in afternoon trade Thursday, with other airline stocks in tow, after the New York-based carrier said it took in a lot less money per passenger in April than it did last year. JetBlue reported late Wednesday that April load factor fell to 84.1% from 85.7% a year ago, as capacity increased at a faster rate than traffic. Revenue per available seat mile dropped 12.5%. JetBlue’s stock, on track to close at the lowest level since March 13, 2015, was the biggest decliner within the Dow Jones Transportation Average , which slumped 1%. The NYSE Arca Airline Index shed 2.3%. Among other Dow transports components, shares of United Continental Holdings Inc. slid 3.6%, of American Airlines Group Inc. dropped 3.3%, of Delta Air Lines Inc. fell 2.6% and of Southwest Airlines Co. declined 1.4%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Despite odds, existing-home sales on track to best year in a decade
The positive recent news for existing-home sales is predicted to last through the whole year, closing out 2016 as the best year in a decade. Lawrence Yun, chief economist of the National Association of Realtors, presented his strong outlook for 2016 at this year’s Realtors Legislative Meetings & Trade Expo. …read more
From:: Real Estate Wire
Politicos want to refinance HUD, start by looking in the wrong place
By jgaffney@housingwire.com It’s true that the financing of social housing operates very differently in the two systems. But let’s be 100% clear: that is where the comparison ends. The thought that affordable housing in the U.K. somehow offers a better social alternative is laughable, at the very least. And here’s why. …read more
From:: Real Estate Wire
Texas Realtor makes waves with Facebook post appealing to anti-Trump homeowners
Whether it’s real or imagined, there’s at least the perception that some people in the U.S. would actually leave this country if Donald Trump wins the election and becomes president. And if this supposed wave of Americans flee Trump’s America, one Texas Realtor is ready and willing to help local residents sell their homes. …read more
From:: Real Estate Wire
Pound poised to hit $1.29 if U.K. votes to Brexit: ThinkForex
Look for the pound to drop about 10% if the U.K. votes to leave the European Union in the so-called Brexit referendum next month, said Naeem Aslam, chief market analyst at ThinkForex UK, on Thursday. An “enormous [pound] selloff will take place against a basket of currencies. We’re looking at perhaps $1.29 against the dollar,” he said. The pound was trading around $1.4471 late Thursday in Europe. On the flip side, no change in U.S. interest rates at the Federal Reserve’s June 14-15 meeting and a rejection of Brexit on June 23 sets the pound to propel higher. “The Bank of England could increase the noise in the market…that there could be a rate hike in 2016”, Aslam said. As oil is trading above $40 a barrel, “inflation is going to be anchored to the upside and…perhaps the Bank of England cannot sit on their hands and do nothing while inflation is going higher. Overall, “clients are dead-split down the center, 50-50,” about what will be the referendum’s result, said ThinkForex Chief Executive Nauman Anees. “Just like the markets, they are just very indecisive over where it’s going to go. We’ve seen sterling trading in a range for over six months now.”
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Apple’s stock tumble pushes market cap back below No. 1 Google
Apple Inc.’s stock tumbled 3.1% to a near two-year low in morning trade Thursday, as a sharp drop in earnings at Taiwanese iPhone assembler Foxconn Technology Co. highlighted increasing concerns over slowing iPhone sales. Apple shares, which were trading at the lowest level since June 2, 2014, have now plunged 20.1% since peaking at a four-month high of $112.10 on April 14. The selloff has knocked Apple off its perch as the most valuable company by market capitalization, with Alphabet Inc. reclaiming the top spot. Apple’s market cap has fallen to $491.3 billion, while Alphabet’s is now at $497.3 billion.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
Joint Trump, Ryan statement says there’s ‘opportunity’ to unite party
WASHINGTON (MarketWatch) — A jointly issued statement from Republican presidential candidate Donald Trump and House Speaker Paul Ryan said there was an opportunity for the party to unite but didn’t include an endorsement. Ryan is due to chair the Republican convention, which is likely to result in Trump becoming the party’s nominee. The joint statement said the U.S. can’t “afford another four years of the Obama White House, which is what Hillary Clinton represents.” It called the conversation between the two “great” while saying they were “honest” about their differences but that there were important areas of common ground.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News