Good News on the housing front! Pending home sales rose 6.3% during January. Howing the number of existing homes that have been vacated due to foreclosure also rose to a record 19 million. Still, the surprise to the upside in pending home sales was enough to move stocks weakly into positive territory! Positive earnings from drug makers has also helped to fuel some optimism this morning.Tuesday, February 3, 2009
Stocks Swing to Black on Positive Housing Data, Pharma Profits
Good News on the housing front! Pending home sales rose 6.3% during January. Howing the number of existing homes that have been vacated due to foreclosure also rose to a record 19 million. Still, the surprise to the upside in pending home sales was enough to move stocks weakly into positive territory! Positive earnings from drug makers has also helped to fuel some optimism this morning.
