$DIA, $SPY, $QQQ, $VXX
US single-family home prices rose slightly less than expected on an annual basis in June, and were down from the prior month, a survey showed on Tuesday.
The S&P CoreLogic Case-Shiller composite index of 20 US Metro areas rose 5.1% in June on a Y-Y basis, retreating from the 5.3 -% climb in the prior month and short of the estimate calling for a 5.2% increase from a Reuters poll of economists.
“Overall, residential real estate and housing is in good shape,” said the Managing Director and Chairman of the index committee at S&P Dow Jones Indices.
The real estate sector and consumer spending are contributing to economic growth, but business capital spending continues to show weakness.”
Prices in the 20 US Cities fell 0.1% in June from May on a seasonally adjusted basis, the survey showed, matching expectations for a decline of 0.1%.
On a non-seasonally adjusted basis, prices increased 0.8% from May.
Home prices in 3 US cities: Denver, Seattle and Portland, Oregon showed the highest Y-Y gainers, the survey showed
Tuesday, the US major stock market indexes finished at: DJIA -48.69 at 18454.30, NAS Comp -9.34 at 5222.99, S&P 500 -4.26at 2176.12
Volume: Trade continues light with 736-M/shares exchanged on the NYSE
- Russell 2000 +9.6% YTD
- S&P 500 +6.5% YTD
- DJIA +5.9% YTD
- NAS Comp +4.3% YTD
|HeffX-LTN Analysis for DIA:||Overall||Short||Intermediate||Long|
|Bullish (0.27)||Neutral (-0.13)||Bullish (0.35)||Very Bullish (0.58)|
|HeffX-LTN Analysis for SPY:||Overall||Short||Intermediate||Long|
|Neutral (0.20)||Neutral (-0.06)||Bullish (0.35)||Bullish (0.29)|
|HeffX-LTN Analysis for QQQ:||Overall||Short||Intermediate||Long|
|Bullish (0.30)||Neutral (0.08)||Bullish (0.48)||Bullish (0.33)|
|HeffX-LTN Analysis for VXX:||Overall||Short||Intermediate||Long|
|Bearish (-0.48)||Neutral (-0.21)||Very Bearish (-0.52)||Very Bearish (-0.71)|
Latest posts by Paul Ebeling (see all)
- To Slow the Aging Process Stopping Eating All the Time - October 21, 2016
- Key Stock, Crude, Gold and Silver Markets Briefing - October 21, 2016
- Wall Street’s Top Analysts Upgrades, Downgrades & Initiations - October 21, 2016