Contracts to buy previously-owned homes unexpectedly fell, dropping to the lowest level in four months and casting a shadow over the housing market's recovery.
A gauge of pending home sales fell 1.1% in October, signaling that upcoming deals could slow down, the National Association of Realtors reported Wednesday.
The final reading for the University of Michigan and Thomson Reuters consumer sentiment index for November was downwardly revised, to 88.8 from 89.4.
The benchmark 30-year fixed-rate mortgage fell to 3.97% in the week ending Nov. 26, down from 3.99%, mortgage buyer Freddie Mac said Wednesday.
Sales of new single-family homes ticked up 0.7% in October to a seasonally adjusted annual rate of 458,000, the fastest pace in five months, the government reported Wednesday.
A closely-watched gauge of consumer sentiment dipped in late November from a prior reading, coming in short of expectations for an increase.
The Chicago PMI dropped in November to a reading of 60.8 from 66.2 in October, MNI Indicators reported Wednesday.
The Institute for Supply Management-Chicago’s gauge of manufacturing activity in the U.S. Midwest fell to 60.8 in November from 66.2 the month prior. Economists expected a shallower drop to 63. Readings above 50 point to expansion, while those below indicate contraction.
President Obama will hold talks at the White House next week with Jordan's King Abdullah, a key U.S. ally in the Middle East.
Shares of some top drugstore companies are up at 10 a.m.: CVSCaremark rose $.35 or .4 percent, to $90.64.
U.S. stocks opened little changed on Wednesday as investors assessed a deluge of economic data.
In the past five years, Oklahoma City taxpayers have cut checks totaling $20.6 million to retiring city employees for accrued vacation and sick leave, Watchdog.org found through an analysis of city databases.
National Education Association president Dennis Van Roekel received a huge pay raise this year while the teachers union lost more than 40,000 members.
Blu-ray discs could help make the solar cells used in solar panels more efficient, researchers say.
A series of memorial events have been set for Marion Barry.District of Columbia Mayor Vincent Gray and other officials plan to announce details of the services at a news conference Wednesday afternoon. A public viewing is expected to be among the plans.