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Stocks Slip in Final Minutes, Close Lower

Stocks Slip in Final Minutes, Close Lower
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.

Stocks Futures Waver After Hitting Fresh Records

Provided by Dow Jones By Caitlin Ostroff and Joanne Chiu U.S. stock futures were little changed after major indexes hit records a day earlier and investors got ready for a slew of blue-chip earnings. Futures tied to the S&P 500 wavered between gains and losses, indicating the benchmark gauge may open flat after notching a record high Monday. Futures for the technology-focused Nasdaq-100 index declined 0.2% and contracts tied to the Dow Jones Industrial Average edged 0.1% lower. This week marks the height of earnings season, with Verizon, General Electric, 3M, Raytheon Technologies, American Express and Lockheed Martin due to report quarterly earnings before the opening bell Tuesday. Starbucks, Microsoft and Texas Instruments will release results after markets close. Major tech firms, including Apple, Tesla and Facebook, will update investors Wednesday.

U S Home-Price Growth Accelerated in October

Home-price growth accelerated in October, as strong demand pushed home sales to a 14-year high. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 8.4% in the year that ended in October, up from a 7% annual rate the prior month. October marked the highest annual rate of price growth since March 2014. Sales of previously owned homes, which make up the bulk of the housing market, rose in October to the highest level since 2006, according to the National Association of Realtors. Record-low mortgage rates have increased demand, while the supply of homes for sale has remained low, especially at affordable price points.

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