Posted 1/19/2024, 9:01:28 AM
Stocks Rise Despite Weak Housing Data; Earnings Due from Travelers and Others
- Stock indices are up despite disappointing home sales data showing existing home sales fell to a 28-year low in December
- First quarter earnings reports due today from Travelers, Ally Financial, Schlumberger, and State Street
- Super Micro Computer shares up 10% on better-than-expected quarterly results; Apple upgraded by Bank of America
- Oil prices steady after closing at 3-week high amid Middle East tensions
- Asia-Pacific markets end mixed; Japan surges on slowing inflation while Hong Kong and China decline on economic uncertainties