Stocks mixed following home price report
Stocks are mixed this morning following a report showing October home prices were flat compared with September.
In the first 15 minutes of trading, the Dow is up one-quarter of 1 percent.
The broader S&P 500 is up 0.15 percent and the tech-heavy Nasdaq is flat.
Home prices in most of the 20 biggest U.S. markets were essentially flat in October compared with September, according to the S&P/Case-Shiller data out this morning, which is seen as not-great/not-bad news by the markets.
A measure of December consumer confidence is scheduled to be released at 10 a.m. today, and forecasters expect that it ticked upward from November.
-- Frank Ahrens
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By
Frank Ahrens
|
December 29, 2009; 9:54 AM ET
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The Ticker
| Tags: Dow Jones, nasdaq, s&p 500
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Posted by: OldHippie | December 29, 2009 2:14 PM | Report abuse
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Anyone who believes economic reports for investment purposes or a sign the economy is improving is just asking for trouble.