Stock Market Live December 9: Anticipating a Rate Cut, the S&P 500 (VOO) Rises a Bit

Earnings Reports - Toll Brothers reported Q4 earnings of $4.58 per share, missing Wall Street expectations by $0.30, which anticipated $4.88 per share. However, sales were above forecasts at $3.4 billion [5] - Toll Brothers' backlog at the end of Q4 was $5.5 billion, down 15% year-over-year, indicating weakening demand for new homes. The company has 4,647 homes awaiting construction, a decrease from 5,996 homes a year ago, reflecting a 22.5% decline in unit backlog [6] - AutoZone reported Q1 profit of $31.04, missing expectations by $1.83, while revenue was $4.6 billion, slightly below analysts' forecasts [7]