Existing-Home Sales Rose 9.4% in September
Sales of previously owned homes in the U.S. rose to a new 14-year high in September while robust demand and a shortage of homes for sale pushed house prices higher.
U.S. Stocks Waver as Investors Eye Stimulus Talks
Shares edged lower, with Nasdaq losing 1%. Investors are paying close attention to negotiations in Washington over a fresh stimulus bill.
Jobless Claims This Month Fell to Lowest Levels Since March
Filings for jobless benefits fell to 787,000 last week, a sign of pickup in the labor market. The latest figures reflect revisions from California that reduced the overall number of claims in October.
China Economic Rebound Pushes Copper Prices to Multi-Year High
Copper prices, often seen as a proxy for global economic growth, are hovering near their highest level in 28 months amid mine closures and strong Chinese demand.
Wall Street Profits Soar During First Half of 2020
New York's securities industry profits increased 82% in the first half of this year, boosted by federal stimulus money and falling interest rates, according to a report from the state comptroller's office.
New U.S. Coronavirus Cases Surpass 60,000 for Second Day
The more than 62,000 new infections bring the total number reported in the U.S. to more than 8.33 million. More than 222,000 people have died in the country.
Coronavirus Stimulus Vote Could Come After Election Day
White House officials and House Speaker Nancy Pelosi opened the door to passing a coronavirus relief package after the election, a signal that time and political will has likely run out to enact legislation before then.
Pandemic Boom Stocks Don't Have Earnings to Support Them
Much of the value of the winners of the pandemic stock market like Apple, Alphabet and Twitter lies in the hope of earnings many years in the future. But that means they are more exposed to the unexpected threats that will emerge given more time.
Oilfield Services Look Beyond Oil
The companies have made good progress on cost cuts and are considering their next steps.
China Tops the Box Office but Cinema Stocks Aren't Blockbusters
With the coronavirus under control and moviegoers returning, China seems very likely to be the No. 1 movie market this year, but challenges remain for cinema stocks.
(END) Dow Jones Newswires