Wednesday’s Midday Movers: 3 Stories Driving Markets

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Midday Recap Main Image

The major U.S. markets were stabilizing Wednesday. As of noon:

DIJA: +0.43% to 14,839.60 S&P 500: +0.49% to 1,638.55 NASDAQ: +0.58% to 3,599.21
Gold: +2.7% to 80.91 Oil: +1.22% to 26.09 U.S. 10-Year: +1.84% to 27.71

Here are three stories helping shape the market Wednesday afternoon.

1. Are Realtors Concerned About Pending Home Sales? Pending home sales continue to retreat from multiyear highs as rising interest rates and home prices impact homebuyers across the nation. However, the chief economist at the National Association of Realtors does not believe the slowdown is anything to worry about yet.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, fell 1.3 percent to 109.5 in July compared to 110.9 in June, according to the NAR. After posting its strongest pace since 2006 in May, the index has now declined for two consecutive months… (Read more.)

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business