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When do markets close for Labor Day?
Alibaba shares to be used for $2 bln loan
Europe set for weekly loss | FTSE 100 drops
Oil prices down ahead of key U.S. jobs report
Big week of losses for Asian stocks
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AstraZeneca: FDA OKs long-term Brilinta use


Chinese Navy ships enter U.S. territory

Watch China’s 90-minute parade in 60 seconds
See photos of China's massive military parade
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Labor Day traffic will be the worst since 2008


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A CNBC stock-picking slapdown: Who wins?

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Family grief may hold Biden back from 2016 run

Germany at fault in Europe’s refugee crisis
Immigration to Germany at highest since 1992
Chaos in Budapest as migrants rush trains
Father of drowned Syrian boy describes voyage

Is the emerging markets bull back again?

Oops — Rick Perry says broken clock right once a day

Six actors who were almost cast as James Bond

Sizeable outflow from China adds to fears
China tightens controls to keep money at home

Gates: How we can avoid worst of climate change

Facebook is most successful app, beating out Google, Apple
This is the most successful app ever


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Does this confirm our worst fears about the sexes?

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Investment risk has changed, so this must change too
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The search for 1,000 angels to help women startups

Why India is worth a look if you’re cooling on China
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109.73MDow Volume:
Avg Vol: 113.10M
Unchanged
224
Decliners
2653
Advancers
3709
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,375 +23 0.14%
Nasdaq
/quotes/zigman/12633936/realtime 4,733 -16 0.35%
S&P 500
/quotes/zigman/3870025/realtime 1,951 +2 0.12%
GlobalDow
/quotes/zigman/629063/realtime 2,306 -17 0.72%
Gold
/quotes/zigman/662444/delayed 1,124 -1 0.09%
Oil
/quotes/zigman/2331095/delayed 46.47 -0.28 0.60%
FTSE 100
/quotes/zigman/3173262/delayed 6,092 -102 1.65%
DAX
/quotes/zigman/2380246/delayed 10,106 -212 2.05%
CAC 40
/quotes/zigman/3173214/delayed 4,555 -99 2.13%
FTSE MIB
/quotes/zigman/1482176/delayed 21,641 -537 2.42%
IBEX 35
/quotes/zigman/2759620/delayed 9,847 -195 1.94%
Stoxx 600
/quotes/zigman/2380150/delayed 355 -7 1.92%
Asia Dow
/quotes/zigman/6959860/realtime 2,687 -26 0.97%
Nikkei 225
/quotes/zigman/5986735/delayed 17,792 -390 2.15%
Hang Seng
/quotes/zigman/2622475/delayed 20,841 -94 0.45%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,202 -563 2.18%
Singapore
/quotes/zigman/1709939/delayed 2,864 -43 1.47%
Euro
/quotes/zigman/16008136/realtime/sampled 1.11 +0.00 0.13%
Yen
/quotes/zigman/16008150/realtime/sampled 119.11 -0.96 0.80%
Pound
/quotes/zigman/16008140/realtime/sampled 1.52 0.00 0.22%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.51%
DXY Index
/quotes/zigman/1652083/delayed 96.26 -0.14 0.14%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.77 -0.04 0.04%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.13 -0.03 1.35%
German 10y
/quotes/zigman/15866409/realtime 0.69 -0.04 4.82%
Italy 10yr
/quotes/zigman/15866497/realtime 1.90 -0.02 1.02%
Spain 10yr
/quotes/zigman/15866444/realtime 2.09 -0.02 0.93%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.74 -0.05 3.02%
Japan 10yr
/quotes/zigman/15866525/realtime 0.37 -0.03 6.87%
Crude Oil
/quotes/zigman/2331095/delayed 46 0 0.60%
Gold
/quotes/zigman/662444/delayed 1,124 -1 0.09%
Corn
/quotes/zigman/7599553/delayed 363 +1 0.35%
DJIA F
/quotes/zigman/38649152/delayed 16,185 -163 1.00%
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/quotes/zigman/30356461/delayed 1,928 -19 0.96%
Silver
/quotes/zigman/3134148/delayed 15 0 0.18%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 88.15 -1.74 -1.94%
AAPL /quotes/zigman/68270/composite 110.37 -1.97 -1.75%
GOOG /quotes/zigman/30194416/composite 606.25 -8.09 -1.32%
BAC /quotes/zigman/190927/composite 15.94 0.09 0.57%
C /quotes/zigman/5065548/composite 51.79 0.04 0.08%
F /quotes/zigman/264304/composite 13.84 -0.03 -0.22%
T /quotes/zigman/398198/composite 33.04 0.22 0.67%
BP /quotes/zigman/247026/composite 32.41 0.21 0.65%
GE /quotes/zigman/227468/composite 24.51 -0.06 -0.24%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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Home Depot Earnings: Bellwether for Home Sales?

Home Depot’s (HD) strong fourth-quarter earnings give hope to bullish investors who think the store’s improving fortunes are an important barometer for the U.S. housing market.

Getty Images

The country’s biggest home-improvement store’s results were helped by consumer optimism that a recovery in the housing market may be finally underway, analysts say. Home Depot’s fourth-quarter earnings rose 32% to $774 million and its stock climbed more than 3% on Tuesday after hitting highs in recent days not seen since before the housing crash of 2008. “This is another sign that the economy is recovering and that the housing market may have reached its bottom,” says Odysseas Papadimitriou, founder and CEO of CardHub.com.

Housing experts say home Depot’s $16 billion-strong fourth-quarter sales are encouraging signs for the wider housing market. “If this was an isolated incident, I would not read too much into it,” Papadimitriou says, “but it seems to be another strong indication of a slow but steady housing market recovery.” He expects existing home sales to rise again in January — for the fourth month in a row. They spiked 5% in December, according to the National Association of Realtors. Susan M. Wachter, professor of real estate and finance at Wharton University of Pennsylvania, sees a stronger housing market in the spring helped by fewer distressed sales will see prices stabilize and “we will see gains in the all-important consumer confidence.”

To be sure, some experts say it’s too soon to celebrate. “Things are just too unstable to make me comfortable that this is truly a sign,” says independent retail analyst Jeff Green.  Mike Mussio, portfolio manager at investment adviser FBB Capital in Bethesda, Md., says all eyes will be on Lowe’s fourth-quarter earnings, which are due next Monday. “It will be interesting to see whether other home improvement stores are experiencing the same strength,” he says.

Still, even cautious experts contend Home Depot’s sales are a good sign. “I don’t think we’ll be seeing a lot of housing sales picking up now, but I do believe there will be a lot of preparation to begin selling houses,” says David Abuaf, chief investment officer at Hefty Wealth Partners in Auburn, Ind. Many people who bought a house at the peak of the market have built up enough savings over the last three years to now buy big ticket items like new windows, says Mike Mussio, portfolio manager at investment adviser FBB Capital in Bethesda, Md. “I know because I’m one of them,” he says.

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Comments (1 of 1)

View all Comments »
    • I’m not sure that I would say HD sales are tied to home sales..
      probably like myself, the stock market is up, I’m feeling more confident, I’m replacing stuff in my house that are looking warn and dated after 4 years of holding off to see what the economy is doing.

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New York Markets Open in:

Futures: /quotes/zigman/30356461/delayed S&P 500 -1.0% /quotes/zigman/38649152/delayed DOW -1.0% /quotes/zigman/30356458/delayed NASDAQ -1.0%

need to know
When do markets close for Labor Day?
Alibaba shares to be used for $2 bln loan
Europe set for weekly loss | FTSE 100 drops
Oil prices down ahead of key U.S. jobs report
Big week of losses for Asian stocks
Amazon to buy video software company
Kocherlakota opposes 2015 fed-fund rate hike
AstraZeneca: FDA OKs long-term Brilinta use


Chinese Navy ships enter U.S. territory

Watch China’s 90-minute parade in 60 seconds
See photos of China's massive military parade
China markets close for war anniversary

Labor Day traffic will be the worst since 2008


Technicians vs. analysts in a CNBC stock-picking slapdown: Who wins?
A CNBC stock-picking slapdown: Who wins?

Obscure trading strategy draws Wall Street’s ire

Hey Twitter, is Jack Dorsey going to be CEO?

My father wanted to divide his estate, but my sister took it all
My sister took all of my father’s estate


Family grief may hold Biden back from White House run
Family grief may hold Biden back from 2016 run

Germany at fault in Europe’s refugee crisis
Immigration to Germany at highest since 1992
Chaos in Budapest as migrants rush trains
Father of drowned Syrian boy describes voyage

Is the emerging markets bull back again?

Oops — Rick Perry says broken clock right once a day

Six actors who were almost cast as James Bond

Sizeable outflow from China adds to fears
China tightens controls to keep money at home

Gates: How we can avoid worst of climate change

Facebook is most successful app, beating out Google, Apple
This is the most successful app ever


43% of U.S. homes are at high risk of natural disaster

What it’s like to play tennis with a ‘smart’ racket

Does this survey confirm our worst fears about the sexes?
Does this confirm our worst fears about the sexes?

Blame Marissa Mayer for maternity-leave shrink

These are the college majors that are dying

They tangled with student debt all summer
College help for low-income families

Investment risk has changed, so this must change too
Volatility is driving foreign buyers to Treasurys

The search for 1,000 angels to help women startups

Why India is worth a look if you’re cooling on China
/conga/frontpage.html 354139

Markets »

109.73MDow Volume:
Avg Vol: 113.10M
Unchanged
224
Decliners
2653
Advancers
3709
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,375 +23 0.14%
Nasdaq
/quotes/zigman/12633936/realtime 4,733 -16 0.35%
S&P 500
/quotes/zigman/3870025/realtime 1,951 +2 0.12%
GlobalDow
/quotes/zigman/629063/realtime 2,306 -17 0.72%
Gold
/quotes/zigman/662444/delayed 1,124 -1 0.09%
Oil
/quotes/zigman/2331095/delayed 46.47 -0.28 0.60%
FTSE 100
/quotes/zigman/3173262/delayed 6,092 -102 1.65%
DAX
/quotes/zigman/2380246/delayed 10,106 -212 2.05%
CAC 40
/quotes/zigman/3173214/delayed 4,555 -99 2.13%
FTSE MIB
/quotes/zigman/1482176/delayed 21,639 -539 2.43%
IBEX 35
/quotes/zigman/2759620/delayed 9,847 -195 1.94%
Stoxx 600
/quotes/zigman/2380150/delayed 355 -7 1.92%
Asia Dow
/quotes/zigman/6959860/realtime 2,687 -26 0.97%
Nikkei 225
/quotes/zigman/5986735/delayed 17,792 -390 2.15%
Hang Seng
/quotes/zigman/2622475/delayed 20,841 -94 0.45%
Shanghai
/quotes/zigman/1859015/delayed 3,160 -6 0.20%
Sensex
/quotes/zigman/1652085/delayed 25,202 -563 2.18%
Singapore
/quotes/zigman/1709939/delayed 2,864 -43 1.47%
Euro
/quotes/zigman/16008136/realtime/sampled 1.11 +0.00 0.14%
Yen
/quotes/zigman/16008150/realtime/sampled 119.11 -0.96 0.80%
Pound
/quotes/zigman/16008140/realtime/sampled 1.52 0.00 0.22%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.53%
DXY Index
/quotes/zigman/1652083/delayed 96.26 -0.14 0.14%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.77 -0.04 0.04%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.13 -0.03 1.35%
German 10y
/quotes/zigman/15866409/realtime 0.69 -0.04 4.82%
Italy 10yr
/quotes/zigman/15866497/realtime 1.90 -0.02 1.02%
Spain 10yr
/quotes/zigman/15866444/realtime 2.09 -0.02 0.93%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.74 -0.05 3.02%
Japan 10yr
/quotes/zigman/15866525/realtime 0.37 -0.03 6.87%
Crude Oil
/quotes/zigman/2331095/delayed 46 0 0.60%
Gold
/quotes/zigman/662444/delayed 1,124 -1 0.09%
Corn
/quotes/zigman/7599553/delayed 363 +1 0.35%
DJIA F
/quotes/zigman/38649152/delayed 16,185 -163 1.00%
S&P F
/quotes/zigman/30356461/delayed 1,928 -19 0.96%
Silver
/quotes/zigman/3134148/delayed 15 0 0.18%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 88.15 -1.74 -1.94%
AAPL /quotes/zigman/68270/composite 110.37 -1.97 -1.75%
GOOG /quotes/zigman/30194416/composite 606.25 -8.09 -1.32%
BAC /quotes/zigman/190927/composite 15.94 0.09 0.57%
C /quotes/zigman/5065548/composite 51.79 0.04 0.08%
F /quotes/zigman/264304/composite 13.84 -0.03 -0.22%
T /quotes/zigman/398198/composite 33.04 0.22 0.67%
BP /quotes/zigman/247026/composite 32.41 0.21 0.65%
GE /quotes/zigman/227468/composite 24.51 -0.06 -0.24%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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