(MENAFN– ecpulse)
The U.S local stock market closed in mixed territories today ahead of tomorrow’s release the September jobs report, which was delayed from its original Oct. 4 date because of the 16-day partial federal shutdown that ended Oct. 17.
While that on the other hand today a report showed that the U.S. existing home sales plunged for the first time in three months in September following its climb to four-year high in August, causing a drawback to recovery in the housing market.
The National Association of Realtors said on Monday existing home sales plummeted 1.9 percent to an annual rate of 5.29 million units last month.
Economists had penciled in a drop in home resales by 3.3 percent to 5.30 million units, while August’ reading was revised down from 5.48 million to 5.39 million.
The government will publish the September data on consumer prices on Oct. 30, though a report by the Federal Reserve Bank of Cleveland said the accuracy of inflation reports will be compromised for as long as seven months because of the shutdown.
Now Homebuilders slumped 2.1 percent Halliburton Co. dropped 2.9 percent as revenue fell short of forecasts while that Apple Inc. (AAPL) rose 2.5 percent as Chief Executive Officer Tim Cook will likely introduce a high-definition iPad mini and thinner iPad tomorrow,
As of 16:15 pm New York Time, the Dow Jones fell by 0.05 percent or 7.45 points to 15392.20 while that the S&P 500 rose by 0.01 percent or 0.16 points to 1744.66 and the Nasdaq Composite climbed by 0.15 percent to 3920.05.
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