S&P Ends Up 8.3% For the Month
New York — U.S. stocks faded late in October’s final session, paring the strongest monthly gain since 2011 as financial and consumer staples shares retreated. The S&P 500 declined 0.5 percent to 2079.36, with the gauge up 8.3 percent for the month. Stocks are also extended to five their longest streak of weekly advances this year. The Dow Jones industrial average closed at 17,663.54, up 16.84 for the week. “Recent Fed comments...
March New Home Sales Slump
Washington — Purchases of new homes slumped more than forecast in March from a seven-year high, a sign progress in the industry will be halting. Sales dropped 11.4 percent to a four-month low 481,000 annualized pace, figures released by the Commerce Department last week showed. The median estimate of 79 economists surveyed by Bloomberg called for a 515,000 rate. Support for the housing market coming from better job growth and low...
