Calculated Risk calculatedriskblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calculatedriskblog.com Daily Mail and Mail on Sunday newspapers.
Existing-home sales increased in June, snapping four consecutive months of declines, according to the National Association of Realtors®. Three of the four major U.S. regions registered small month-over-month gains, while the fourth remained flat. However, all four areas notched double-digit year-over-year gains.
Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, grew 1.4% from May to a
seasonally adjusted annual rate of 5.86 million in June. Sales climbed year-over-year, up 22.9% from a year ago (4.77 million in June 2020).
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Total housing inventory at the end of June amounted to 1.25 million units, up 3.3% from May s inventory and down 18.8% from one year ago (1.54 million). Unsold inventory sits at a 2.6-month supply at the current sales pace, modestly up from May s 2.5-month supply but down from 3.9 months in June 2020.
BNY Mellon Wealth Management Head of equities Alicia Levine and Principal Financial Group Chief Strategist Seema Shah discuss consumers and the U.K. lifting restrictions.
U.S. economic growth faltered slightly in June compared with the previous month, according to new data released Thursday by the Federal Reserve Bank of Chicago.
The Chicago Fed National Activity Index, which measures overall economic activity and related inflationary pressure, fell to 0.09 in June from 0.26 in May. The index is comprised of 85 economic indicators drawn from four broad categories of data: production and income; employment, unemployment and hours; personal consumption and housing; and sales, orders and inventories.
Calculated Risk calculatedriskblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calculatedriskblog.com Daily Mail and Mail on Sunday newspapers.
7/21/2021 10:30:08 PM GMT | By Anil Panchal
US stocks post gains amid economic optimism, upbeat earnings.
Chipotle Mexican Grill becomes the gainer of the day, Netflix dropped.
US policymakers jostle over infrastructure spending bill, budget.
ECB, covid headlines and weekly US Jobless Claims will be crucial for fresh impulse.
Wall Street had another upbeat session as firmer company results renewed market optimism amid a light calendar on Wednesday. In doing so, investors shrugged off the coronavirus woes as well as uncertainty over the US President Joe Biden’s infrastructure spending bill and budget.
Among the top-notch earnings, Chipotle Mexican Grill, Verizon Communications and Interpublic Group were the gainers. On the contrary, Netflix had to bear the burden of late Tuesday’s results whereas United Airlines reacted to the positive results conveyed the previous day. Additionally, Bank of American raised quarterly cash dividend