Major Wall Street indices closed in the green on Wednesday as optimism over a decline in inflation gained momentum ahead of the release of consumer price index data on Thursday. The Nasdaq Composite closed 1
KB Home (NYSE:KBH) reported quarterly earnings of $2.47 per share which missed the analyst consensus estimate of $2.87 by 13.94 percent. This is a 29.32 percent increase over earnings of $1.91 per share from the same
Companies Reporting After The Bell
• KB Home (NYSE:KBH) is projected to report quarterly earnings at $2.87 per share on revenue of $1.98 billion.
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The CNN Money Fear and Greed index showed slight improvement in the market sentiment among US investors.
US stocks closed higher on Tuesday, driven by a 1% rally in the Nasdaq index.
Investors are awaiting data on US consumer prices, due to be released on Thursday.
The fourth-quarter reporting season is around the corner, and it is one of the key catalysts that will likely determine the near-term stock market trajectory.
Goldman Sachs raised NIKE, Inc. (NYSE: NKE) price target from $120 to $133. Goldman Sachs analyst Kate McShane maintained a Buy rating on the stock. NIKE shares rose 11.6% to $115.20 in pre-market trading.
Lennar Corp (NYSE: LEN) shares fell late Wednesday despite better-than-expected results from the homebuilder. The stock is bouncing Thursday and Raymond
The housing market in the U.S. received welcome data Tuesday, but the bad news is rents are still on the rise, they’re just rising at a much slower pace.