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This week's earnings featured a huge quarter from electric-car maker Tesla and several positive surprises in the housing space. TSLA's earnings and revenue beat estimates in the second quarter, despite coronavirus shuttering some factories. Its manufacturing practices...
The economy is showing more signs of recovery, even as coronavirus cases rise in parts of the U.S. The New York Federal Reserve reported yesterday that its Empire State Manufacturing Survey was -0.2. That was much better than the -27.5 percent average forecast. It had...
More bad economic news is expected today, but the real story could a rebound in the housing market. Mortgage data for the last four weeks have shown strong demand for home buying. Refinancing normally dominates lending, but now they've swung sharply toward purchases....
Stocks fell last week but held a key level. Attention will now focus on the economy reopening for Memorial Day. The S&P 500 initially tried to rally, only to fall on bearish comments from Dr. Anthony Fauci and Federal Reserve Chair Jerome Powell. At one point it...
Stocks keep rising as investors come to believe China's coronavirus is starting to fade. Here are three big things to know as buyers return to the market: Coronavirus May Have Peaked Beijing announced just 1,749 new cases of the disease today, the lowest total this...
Stocks hit new highs again last week, riding a wave of economic confidence, low interest rates and mild volatility. The S&P 500 rose 1.6 percent between Friday, February 7, and Friday, February 14. Three-quarters of its members advanced, along with every major...
Last year was dominated by technology trades as investors returned to their favorite corner of the stock market. Let's review some of the biggest movers. First of all, semiconductors ripped higher as orders rebounded. The industry may also remain in focus this year as...
Will housing stocks continue their epic run? The next few sessions may answer that question. Statisticians at the Commerce Department release the industry's most important numbers at 8:30 a.m. ET today: housing starts and building permits. Both have been pushing their...
Two strange things happened last quarter: Chip makers went up and health-care stocks went down. The Philadelphia Semiconductor Index ($SOX) rose almost 7 percent between June 28 and September 30. Meanwhile the SPDR Health Care ETF (XLV) slid about 3 percent. This is...
Last week, low interest rates freaked out investors. Now they're helping boost an important part of the U.S. economy: housing. The iShares U.S. Home Construction ETF (ITB) has climbed 4 percent so far this week -- more than triple the gain of the broader S&P 500....