U.S. Homes Sales Rebound in March, Beat Analysts’ Estimates

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U.S. home sales slumped in June, ending the prime spring selling season with a thud and dimming hopes that lower mortgage rates can revive a slumbering housing market. The stubborn malaise reflects in part a correction in the formerly red-hot housing markets on the West Coast. Home prices for major.

Existing home sales rebound a bit in March. Economists surveyed by MarketWatch expected sales to rebound to 5.0 million units in March. Sales fell a revised 8.9% in February to 4.92 million units, up from the initial estimate of an 9.6% drop to 4.8 million units. The median price of homes sold was down 5.9% from last year at $159,600.

Stocks held mostly lower on Friday as better-than-expected numbers on U.S. beat estimates by 4 cents. Revenue rose 3.1% to $3.35 billion, edging past consensus by $10 million. Comparable-store.

In addition, new home sales for February and March were revised upward by a combined 10,000 units. Compared to May 2016, new home sales are now up 8.9 percent. The number of new homes for sale increased by 4,000 units (1.5 percent) from April to 268,000 units (SAAR), its highest level since July 2009, but still low by historic standards .

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Union Pacific’s earnings topped analysts’ estimates. also got a boost from positive economic data on U.S. retail sales and unemployment claims. The Commerce Department said retail sales surged in.

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Orders poured into American factories in March, putting manufacturing. after reporting a first-quarter profit that topped analysts’ estimates, as turbocharger sales benefited from a European auto.

The stock fell 20.9% on March 6-the day after the earnings announcement. Analysts’ estimates According to data compiled by Thomson Reuters, analysts expect NIO’s net losses to increase in.

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Facebook Inc. climbed 7.3 percent, the most in the Standard & Poor’s 500 Index, helping to extend a rebound. The largest U.S. aluminum producer posted profit excluding restructuring costs and other.

U.S. retailers’ sales are growing at the fastest pace in four years, a sign consumers may be overcoming concern about unemployment and depressed home values. June sales reports will meet or beat.

U.S. companies. U.S. home lender, last week reported fourth-quarter earnings climbed 24 percent after extending more loans. For the March-to-June quarter, banks, automakers and retailers will lead.