Home Sales Disappoint, Stocks Choppy, Boeing Plummets
Existing Home Sales missed analyst’s optimistic estimates leading stocks to a choppy, uncertain session after yesterdays aggressive sell off. Boeing led the selling after announcing a delay in their new 787 aircraft. The home building sector climbed despite the lagging existing home figure. Shares finished the day mixed with the DJIA giving back -16.10 to 8322.91, the Nasdaq slipped another -1.27 to 1764.92 and the S&P 500 gained +2.06 to 895.10.
Boeing
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FedEx
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Starbucks
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ConAgra Foods
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PowerRating) – UBS upgraded shares to buy sending the stock higher by 4.44% or 84 cents to $19.78.
Oil climbed $1.74 to $69.18, Gold advanced $3.30 to $924.30 and the fear index VIX slipped 1.89% to 30.58.
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