Where the Comment is King

THE NEWS COMMENTER

VOTE  (0)  (0)

Monday's trading: 5 things to know

Added 06-27-22 02:04:02am EST - “The key events taking place on Monday that could impact trading include big-ticket items report and pending home sales for May.” - Foxbusiness.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Foxbusiness.com: “Monday's trading: 5 things to know”. Below is an excerpt from the article.

Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions.  Legal Statement. Mutual Fund and ETF data provided by Refinitiv Lipper.

This material may not be published, broadcast, rewritten, or redistributed. ©2022 FOX News Network, LLC. All rights reserved. FAQ - New Privacy Policy

BIG-TICKET ITEMS REPORT: The Census Bureau is expected to announce at 8:30 a.m. Monday new orders for manufactured big-ticket items were unchanged in May from a month ago, after rising a seasonally adjusted 0.5% in April. If you factor out the transportation component, orders are anticipated to rise 0.3%, slightly below April’s increase of 0.4%. Orders for core capital goods, a closely watched proxy for business spending, are seen climbing 0.3% in May, slightly trailing April’s 0.4% pop.

An employee works on the 40 millionth Ford Motor Co. F-Series truck on the assembly line at the Ford Dearborn Truck Plant on January 26, 2022 in Dearborn, Michigan. (Photo by JEFF KOWALSKY/AFP via Getty Images / Getty Images)

PENDING HOME SALES REPORT: The National Association of Realtors is expected to announce at 10 a.m. Monday its index of pending home sales for May. Economists surveyed by Refinitiv are looking for a decline of 4%, the seventh straight monthly drop as buyers contend with soaring borrowing costs and record-high prices. That would leave the index at its lowest level in more than two years (since April 2020). Recall that a sale is pending when a contract to buy a previously owned home has been signed but not yet closed. It’s the latest sign of stress for the housing market, with sales of existing homes at a 2-year low and new home construction tumbling to a 13-month low. On Friday we found out that sales of new homes surged unexpectedly in May from a 2-year low, but that rebound is likely to be temporary with mortgage rates and home prices where they are.

Read more...

If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.

Comment Box is loading comments...

CLICK TO SHARE

BACK TO THE HOME-PAGE