Today, there were some positive signs for the sector which has lagged the overall economy since hitting a speed bump more than a year ago. Single family home fell only slightly in january despite all that snow in the northeast. While supply which has been tight, rose to its highest level since 2010. The pace for sales for december was also revised higher. Tight inventories and a lack of wage growth had been holding housing back but now the labor market seems to be gaining steam and Home Builders gain more traffic. Not just Home Builders but Home Improvement retailers. Today, lowes reported better than expected Fourth Quarter results driven by homeowners taking on big and not so big renovation projects. Shares did fall a fraction after the company expressed concern about rising Interest Rates, potentially impacting prose home buyers. Still, the company does expect existing homeowners to continue to invest in projects anhouses. Diana olick now on whats behind the surge in remodelling. Re
Between kraft and heinz, not even that could stem the bleeding. More on that in a moment. Up 93 points to 17,718. Nasdaq suffered its biggest percentage drop in 11 months falling more than 2 or 118 points to 4,876. And the s p 500 dropped 30. Investors were concerned about Economic Growth after a surprise decline in durable goods. Orders for longlasting products like appliances and computers fell almost 1. 5 in february and thats the third decline in four months. While a key measure of Business Investment fell for the sixth straight month. The results prompted several economists to lower their forecast for First Quarter Economic Growth. Now to that blockbuster deal sue just mentioned involving two giants in the American Food industry. Kraft and heinz both makers of products that are likely sitting on your kitchen shelves like jello Maxwell House and of course, heinz kechtchup, revenue of 8 billion and sales of a billion each a year. It would rank as the fifth Largest Food Company in th
Between kraft and heinz, not even that could stem the bleeding. More on that in a moment. Up 93 points to 17,718. Nasdaq suffered its biggest percentage drop in 11 months falling more than 2 or 118 points to 4,876. And the s p 500 dropped 30. Investors were concerned about Economic Growth after a surprise decline in durable goods. Orders for longlasting products like appliances and computers fell almost 1. 5 in february and thats the third decline in four months. While a key measure of Business Investment fell for the sixth straight month. The results prompted several economists to lower their forecast for First Quarter Economic Growth. Now to that blockbuster deal sue just mentioned involving two giants in the American Food industry. Kraft and heinz both makers of products that are likely sitting on your kitchen shelves like jello Maxwell House and of course, heinz kechtchup, revenue of 8 billion and sales of a billion each a year. It would rank as the fifth Largest Food Company in th
Double over the past two years. And tyler will introduce you to him. We have all that and more tonight on nightly Business Report for wednesday, january 15th. Good evening, tyler will be along later. Well, stocks are on a roll. Another tripledigit gain today for the dow blue chips and the s p 500 and the dow transportation index all rose to fresh alltime highs. And the nasdaq closed at its highest level in more than 13 years. It looks like stocks have shaken off the stumbling start to the new year. They got a big lift this morning, from bank of america earnings. The banks profits shot up eightfold from a year ago. Also helping . A big surprise boost in manufacturing and a World Bank Forecast calling for a stronger Growth Outlook not only for the u. S. , but the Global Economy as well. On wall street today, the dow jumped 108 points, the nasdaq was up 31 and the s p added nine points. John manly joins us, chief equity strategist at wells fargo funds management. John, is this really a tu
Double over the past two years. And tyler will introduce you to him. We have all that and more tonight on nightly Business Report for wednesday, january 15th. Good evening, tyler will be along later. Well, stocks are on a roll. Another tripledigit gain today for the dow blue chips and the s p 500 and the dow transportation index all rose to fresh alltime highs. And the nasdaq closed at its highest level in more than 13 years. It looks like stocks have shaken off the stumbling start to the new year. They got a big lift this morning, from bank of america earnings. The banks profits shot up eightfold from a year ago. Also helping . A big surprise boost in manufacturing and a World Bank Forecast calling for a stronger Growth Outlook not only for the u. S. , but the Global Economy as well. On wall street today, the dow jumped 108 points, the nasdaq was up 31 and the s p added nine points. John manly joins us, chief equity strategist at wells fargo funds management. John, is this really a tu