Thursday’s Midday Movers: 3 Stories Driving Markets
The major U.S. markets were still sinking Thursday. As of 12 p.m.:
|DIJA: -1.27% to 15143.41||S&P 500: -1.21% to 1664.99||NASDAQ: -1.34% to 3619.93|
|Gold: -0.14% to 76.81||Oil: +0.63% to 25.36||U.S. 10-Year: +2.40% to 27.77|
Here are three stories helping shape the market Thursday afternoon.
1. Are Home Builders Floating on Cloud Nine? While the real estate market is still well below its glory days of the housing bubble, confidence among home builders in the United States continues to reach new multiyear highs.
After declining for three consecutive months earlier this year, the National Association of Home Builders/Wells Fargo’s index of builder confidence posted its fourth straight monthly gain in August, rising 3 points to reach 59. Confidence is now at its highest level in almost eight years, bringing back memories of the boom.