NEW YORK - Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook.
This week, U.S. 30-year Treasury yields fell to a record low below 2%, while benchmark 10-year yields declined to a three-year trough as trade tensions linger and global economic growth continues to slow. A report on Friday showed U.S. homebuilding fell for a third straight month in July amid a steep decline in the construction of multifamily housing units, even as the data provided a positive sign for housing: a jump in permits to a seven-month high.Housing and homebuilding stocks should continue to do well as long as rates remain low, but the potential for slower demand is a risk, said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global stocks lower after US falls on recession fearBEIJING (AP) — Global stock markets were mostly lower Thursday after Wall Street fell on mounting fears of a possible recession. Benchmarks in London, Tokyo and Sydney declined while... I mean, the idea is to get the market to fall out of the recession you know, and then dump the stock market all the way in the market. Sell. Welcome to the TrumpRecession
Source: AP - 🏆 728. / 51 Read more »
Dow ends around 800 points lower after bond market flashes recession signalStocks tumbled Wednesday after the main measure of the U.S. yield curve briefly inverted, heightening worries about a potential recession. The Dow Jones... USD finally going to zero huh, nice Lemmings panicked. Will see if bloodbath continues tomorrow. That’s how a Ponzi/lottery scheme sometimes goes. But keep trusting your retirement assets will go straight up to the moon! Oh. Don’t worry about WallStreet They banked all your trading fees when you sold.
Source: MarketWatch - 🏆 3. / 97 Read more »
NYPD says to avoid lower Manhattan subway station; cops investigate report of suspicious packageThe NYPD says to avoid a lower Manhattan subway station as it investigates a report of a suspicious package.
Source: CNBC - 🏆 12. / 72 Read more »
Sculpt Your Lower Body in All the Right Places With This Trainer's 30-Minute WorkoutIf your goal is to get stronger and build muscle in your legs and butt, you've come to the right place. Doing squats every time you hit the gym is OK, but if
Source: POPSUGAR Fitness - 🏆 401. / 53 Read more »
Tapestry shares plunge as weakness at Kate Spade business leads to lower forecast, pull back on acquisitionsShares of Tapestry are sliding after the luxury apparel company missed revenue estimates in its quarterly report.
Source: CNBC - 🏆 12. / 72 Read more »