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Wednesday, 04 December 2013 10:16

Dollar up

The U.S. dollar is up against other North American currencies in New York trading. It's worth 1.07 Canadian dollars, up from late Tuesday. And the dollar is trading at 13.13 Mexican pesos, up from late Tuesday. 

WASHINGTON (AP) - A measure of U.S. home prices rose only modestly in October, adding to signs that prices have stabilized after big gains earlier this year. Real estate data provider CoreLogic says prices increased 0.2 percent in October from September. That's up from a 0.1 percent gain in September but down from a 0.9 percent increase in August. One reason for the slowdown: the figures aren't adjusted for seasonal patterns. Prices usually decline in the fall and winter, when sales slow. Still, large gains in previous months, along with higher mortgage rates, may be pricing some buyers out of the market. Home prices have risen 12.5 percent from a year ago. The increase could encourage more sellers to put their homes on the market, easing a shortage of homes for sale. 

Tuesday, 03 December 2013 11:35

US stock futures fall as investors await data

NEW YORK (AP) - U.S. stock futures are falling as investors await a raft of economic data this week to gauge when the Federal Reserve will start reducing its economic stimulus. Dow Jones industrial futures are down 57 points to 15,941. The broader Standard & Poor's 500 futures are down 5 points to 1,795. Nasdaq futures are down 5 points at 3,478. A decline Tuesday would extend Monday's losses that were fueled by disappointing consumer spending over the Thanksgiving weekend holiday shopping kickoff. Later Tuesday, investors will scrutinize November auto sales for clues on the health of that industry and the broader economy. Black Friday deals and the long Thanksgiving weekend lured buyers into U.S. automobile showrooms, and analysts say the surge should boost November sales above a strong month last year.

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