Markets

US pending home sales leap to record as housing-market surge continues

The National Association of Realtors’ Pending Home Sales Index surged 8.8% last month to an all-time high of 132.8, signalling the US housing market’s rally continued into the fall. Economists surveyed by Bloomberg expected an increase of 3.1%. The reading is the fourth-straight climb for the index. All four major […]
US pending home sales leap to record as housing-market surge continues
Markets

Dow soars 580 points as optimistic home-sales data overshadows virus spread

US stocks climbed on Monday as investors continued to bet on economic reopenings despite soaring coronavirus case counts. Pending home sales rocketed a record 44.3% in May, beating expectations and pointing to a swift rebound for the US housing market. Global virus deaths topped 500,000 on Sunday, while confirmed cases […]
Dow soars 580 points as optimistic home-sales data overshadows virus spread