While you were sleeping: Housing boosts US stocks

Mon, 17 Aug 2015

By Margreet Dietz Aug. 18 (BusinessDesk) - A better-than-expected report on US housing bolstered Wall Street, outweighing disappointing manufacturing data, and underpinning the focus on the minutes of the July Federal Reserve meeting, due to be released on Wednesday. The National Association of Home Builders/Wells Fargo sentiment index rose to 61, the highest level in nearly a decade, up from 60 in July. “Today’s report is consistent with our forecast for a gradual strengthening of the single-family housing sector in 2015,” David Crow...

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