Existing home sales fell by 1.7% in June
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| | 7/23/2019 | |
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Coca-Cola Earnings Power Dow Surge | By Patrick Martin | | The Dow Jones Industrial Average (DJI) is enjoying solid gains today, thanks to a strong earnings reaction for blue chip Coca-Cola (KO). News that Apple (AAPL) is buying Intel's (INTC) modem business is also creating tailwinds for the Dow. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are higher, too, on a post-earnings pop for toy stock Hasbro (HAS). Today's positive price action comes despite a drop in existing home sales, which fell by 1.7% in June, greater than the anticipated 0.2% dip. Continue reading for more on today's market, including: - Analyst makes big call on Spotify stock.
- History says it's time to drop this drug stock.
- Plus, options bears eye L Brands; Biogen breaks out after earnings; and PulteGroup sinks on a dismal home sales forecast.
| >> Continue reading... | |
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