Mid-Day Recap: Stocks Fall Despite Major Gain in New Homes Data

by devteam July 27th, 2009 | Share


Markets jumped in the minutes after the New Home Sales report posted its biggest one-month leap in eight year,  as of noon in Monday’s session all three markets have dipped back into the red. However, markets shot up more 11% over the past two weeks, so the minor decline isn’t too worrying yet.

As of 12:00pm, the NASDAQ is down 0.44% to 1957, the Dow has fallen 0.22% to 9073, and the S&P 500 is trading 0.23% lower at 977.

The only macroeconomic data released today was the new homes data, which led many economists to announce that stabilization, and even recovery, had begun in the real estate market.

Sales of new single-family homes soared by 11% in June â€

About the Author


Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

See all blogs


Leave a Comment

Leave a Reply

Latest Articles

Real Estate Investors Skip Paying Loans While Raising Billions

By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...

Late-Stage Delinquencies are Surging

Aug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...

Published by the Federal Reserve Bank of San Francisco

It was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...