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Some investors say it is a bullish signal that the market is rallying without the likes of Apple and Tesla because it means other groups are taking part. ....
focus, stocks are mixed. the focus is the home price report we got a short time ago. over the past year, home prices have jumped the most since may 2006. case-schiller says home prices roast 9.3% since a year ago. phoenix, san francisco, and las vegas include those with the biggest growth. we won t see the positive affect trickle down to stocks. investors taking a breather after a nice rally on monday. along with the housing market. the focus on corporate earnings. 40 s & p 500 companies clocking in with their report cards. today s the final trading day of april. a pretty darn good month for stocks, the dow, s x p 500, up 1.5% since march. dow, five straight months of gains, nasdaq, s & p 500, six months in a row of gains. coming up in a half hour on the radar, numbers on consumer ....
On home prices. home prices rose 9.3% in february. it is the biggest jump since may of 2006. they include, phoenix, san francisco, and las vegas. as for stocks, not seeing much moment momentum. dow is down 69 points. you look at the s&p 500, that is the best representation of the overall market. it is the best gauge of your investments. the s&p hit an all-time high yesterday, but pulling back now. the consumer confidence number very important. appreciate the reporting from you. ....
Report yesterday that caused the s & p 500 to actually hit a new high, albeit by one point. less than one point. so you are seeing a market react to some of the housing news, seeing the market react by hitting these new all-time highs, like the s & p 500 did yesterday, chris. a great headline to end on. you did have a record at the nasdaq. i want to bring in christine romans, because we need to understand why this is good. first, as i know, someone very intelligent told me once, all real estate was local. christine romans told me that. explain to me what is the significance beyond the number? when you buy a house, right, buying carpeting, maybe changing out fixtures in the house, buying a couch, hiring a mover to move you in, move you out. so there is this radiating effect of the movement of money. buying a house, spending a lot of money. it shows confidence as well. consumers confident in the job, where they live, the school district. a big-ticket item. ....