Wednesday, December 23, 2009
New-home sales crater as subsidy wanes
NEW-HOME SALES CRATER AS SUBSIDY WANES
Sales of new homes fall 11.3% in November to a seasonally adjusted
annual rate of 355,000 as a popular tax break for first-time
homeowners was set to expire, the Commerce Department estimates.
U.S. WAGE GROWTH ACCELERATES IN NOVEMBER
Compensation earned by U.S. workers rises 0.3% in November, another
signal that labor markets are slowly improving, according to Commerce
Department estimates.
U.S. CONSUMER SENTIMENT IMPROVES IN DECEMBER
U.S. consumer confidence rises in December, as Americans said the
outlook for the economy and employment were somewhat better.
U.S. STOCKS DIP AFTER HOME SALES DISAPPOINT
U.S. stocks fall into the red after new home sales fell to their
lowest level in seven months during November in a bigger-than-expected
drop.
CRUDE RISES TO 3-WEEK HIGH AFTER EIA DATA
Crude futures trade higher as an industry report showsU.S. petroleum
inventories declined last week, helping buoy hopes that demand will
recover.
