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Pending home sales rise 1.9% in October
CNBC Television· 2025-11-25 16:02
And we also have pending home sales coming out. And for that, we'll head to Diana Olic. Diana.>> Well, Rick, pending home sales in October rose 1.9% from September. That's a nice beat. The street was actually looking for flat.Sales though were down4% from October of last year. And this count is based on signed contracts. So, people out shopping in October and inking deals when mortgage rates were falling from their recent highs.So, that drop may have helped push demand. Of course, rates came back up in Nove ...
Steady PCE, Higher Pending Home Sales, Help Bolster Hump Day Trading
ZACKS· 2025-04-30 23:01
Economic Indicators - March Personal Consumption Expenditures (PCE) showed a month-over-month change of 0.0%, which was -30 basis points below the previous month, while year-over-year PCE reached +2.3%, slightly above expectations but down 40 basis points from +2.7% in February [2] - Core PCE, excluding food and energy, also reported a month-over-month change of 0.0%, down from +0.1% projected and +0.4% reported a month ago, with a year-over-year figure of +2.6%, down from +3.0% the prior month [3] Housing Market - Pending Home Sales increased by +6.1% in March, surpassing the +1% expected and the upwardly revised +2.1% for February, marking the highest level since September of the previous year [4] - The South region led the increase with +9.8%, followed by the Midwest at +4.9% and the West at +4.8%, while the Northeast experienced a decline of -0.5% [5] Company Earnings - Meta Platforms reported Q1 earnings of $6.43 per share, exceeding the expected $5.22, with revenues of $42.31 billion surpassing the $41.22 billion estimate, and Daily Active People grew +6% year over year to 3.43 billion [6] - Microsoft reported Q1 earnings of $3.46 billion, beating the $3.20 billion estimate, with revenues of $70.1 billion exceeding the projected $68.4 billion, and Azure cloud sales increased by +20% to $42.4 billion [7] - Qualcomm's fiscal Q2 earnings were $2.85 per share, beating estimates by 3 cents, with revenues of $10.83 billion surpassing the $10.67 billion consensus, although a lower revenue guide for Q3 led to a -6.3% decline in after-market shares [8]