Stocks Rise Despite Weak Housing Data
Stocks rose on Thursday, after a choppy morning session. The trend of disappointing data relating to the slumping housing market
continued today, with single-family home sales falling 8.3% last month.
KB Home
(
KBH |
Quote |
Chart |
News |
PowerRating) reported a loss and its outlook wasn’t much better.
Yesterday, the company also announced plans to offer Disney home product options
to homebuyers (full
story).
At the risk of sounding like a broken record, the U.S. dollar hit another record low versus the euro.
Crude oil reached a new record high of $82.82 per barrel.
|
|
|
Market Snapshot
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||
|
|
|
|