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Home prices slowed during the early part of Q2 and the Case-Shiller report is the latest to confirm the softening. Case-Shiller’s 20-city adjusted index managed only a 0.2 percent gain in April which was short of expectations.
White House trade adviser Peter Navarro said that a Treasury Department report later this week on American restrictions on foreign investment won’t be as broad as investors fear as he sought to allay a trade standoff.
Overnight, the MSCI Asia Pacific Index fell 0.1 percent while Japan’s Topix closed 0.2 percent higher, recovering from losses of more than 1 percent earlier in the session.
In Europe, major indexes were higher as stocks rose on the back of a weakening euro.
S&P 500 Overview: Quiet melt-up continues Volatility low as money shifts between sectors.Defeated at 2800, what can bears do now?At current pace, "golden cross" in seven sessions.Lyft, Uber, Pinterest IPOs will likely draw Main Street attention to stock...
S&P 500 Overview: Upward momentum appears intact Index bounces at 200-day MA after pulling back from 2800.Fear indexes like VIX, gold and yen refusing to rally.Watch for breakout from tight range, possibly on Brexit clarity. Economy Refuses to Quit January retail...
S&P 500 Overview: Will 2800 Prove Resistance? Key level from last October, November, December.Index is furthest from 50-day MA greatest since 1/26/18.Good news of China calm priced in -- for now.Need signal before looking to get short.Likely better to focus on...