Tuesday's Big Stock Stories: What's Likely to Move the Market in the Next Trading Session
Treasury yields continued their ascent on Monday, dragging down the major averages to start the week. The Dow Industrials fell more than 300 points.
TL;DR
- Housing data tracking sales will be released at 9 a.m. ET.
- Several homebuilder stocks (Lennar, KB Home, Hovnanian, DR Horton, Pulte) are down significantly from their recent highs.
- The 30-year fixed mortgage rate is currently around 7.5%.
- Home equity is reported to be at record highs.
- Carnival has fallen about 24% in the past three months and 35% from its February high.
- CarMax has gained 7% in the last three months but is off 13% from its August high.
- Alaska Air's CEO will discuss the company's new growth strategy on CNBC.