The housing numbers "are fantastic news," but traders continue to worry about recent discouraging si

Encouraging reports about housing lift US stocks - Silver City Sun-News
Lottery Sports Sports Plus Opinion Community Dining Guide Business Financial vacation rentals italy Obits Entertainment Comics Puzzles Games Horoscopes Health begin Target ad tag end Target ad tag shopping On Sale Local Coupons homes For Sale New Homes apartments Rentals Place an Ad cars Find a Car Sell a Car Research jobs How's Your Resume? Letter Center More Career Resources classifieds vacation rentals italy Today's Print Ads Encouraging reports about housing lift US stocks By DANIEL WAGNER AP Business Writer Associated Press Posted:
Click photo to enlarge FILE - In this Sept. 12, 2012 file photo, Michael O'Connor, right, of Getco Securities vacation rentals italy and a fellow trader work on the floor of the New York Stock Exchange in New York. Futures are edging higher Wednesday, Sept. 19, ahead of a pair of reports vacation rentals italy regarding the U.S. housing market that are expected to provide more hope for the beleaguered industry. 1 A pair of encouraging reports vacation rentals italy about the housing market gave U.S. stocks a little boost Wednesday.
Home sales jumped to the highest level in more than two years in August, the National Association of Realtors said. Sales rose 7.8 percent to a seasonally adjusted annual rate of 4.82 million, the most since May 2010.
Stocks of homebuilders, already up after the construction report, rose sharply after 10 a.m., when the jump in home sales was reported. D.R. Horton Inc. rose 87 cents, or 4.1 percent, to $22.22; Beazer vacation rentals italy Homes USA Inc. rose 22 cents, or 6.2 percent, to $3.75; and KB Home rose 46 cents, or 3.6 percent, to $13.16.
The housing numbers "are fantastic news," but traders continue to worry about recent discouraging signals this week like downgrades of railroads and a warning from Federal Express that the global economy is slowing, said JJ Kinahan, chief derivatives strategist for TD Ameritrade, a retail brokerage.
Energy stocks suffered as the price of oil fell $3.31, or 3.5 percent, to $91.98 per barrel. vacation rentals italy Traders are questioning whether economic growth is strong enough to justify a recent run-up to $100 per barrel. Crude is down 7 percent this week.
Earlier, Asian and European markets closed higher after the Bank of Japan announced a massive asset purchasing plan similar to what the Federal Reserve approved last week. Japan's main stock index hit a four-month high.
Eurozone in deepening recession, vacation rentals italy survey finds Demand strong in key Spanish bond auction UK lawmakers seek moratorium on Arctic drilling UK regulator vacation rentals italy finds BSkyB 'fit and proper' vacation rentals italy Procter Gamble adds Wildberry flavor to Prilosec vacation rentals italy Most Viewed Most E-Mailed (From the last 12 hours) Dozens of dead fish floating at Bear Canyon Bear caught in Silver City residentÕs backyard, successfully... Drawing released of sexual assault suspect Southwest New Mexico Fishing and Stocking Report Their View: Mideast turmoil brief reprieve for Abbas, Palestinians Their View: GOP fiscal conservatism "myth-ing in action" Brown creates pottery prizes Silver City Blotter for Monday, vacation rentals italy Sept. 17 Community calendar (Sept. 20-24) (From the last 12 hours) No data currently available.