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Equity Markets Mixed as Investors Weigh New-Home Sales Data
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Equity Markets Mixed as Investors Weigh New-Home Sales Data
Jun 26, 2024 1:07 PM

03:43 PM EDT, 06/26/2024 (MT Newswires) -- US benchmark equity indexes were mixed ahead of Wednesday's close as a report showed new-home sales fell in May.

The Nasdaq Composite was up 0.2% at 17,760.2, while the Dow Jones Industrial Average rose 0.1% to 39,136.5. The S&P 500 was little changed at 5,468.5. Among sectors, consumer discretionary was the sole gainer, while energy and utilities posted the steepest declines.

Single-family home sales in the US declined about 11% on a monthly basis to a seasonally adjusted annual rate of 619,000 last month from April's upwardly revised print of 698,000, according to the Census Bureau and the Department of Housing and Urban Development. Analysts expected sales to come in at the 633,000 level, according to a survey compiled by Bloomberg.

The US 10-year yield rose 8.2 basis points to 4.32%, while the two-year rate climbed 5.6 basis points to 4.75%.

Micron Technology ( MU ) , Jefferies Financial ( JEF ) , Levi Strauss (LEVI) and AeroVironment ( AVAV ) are among the companies scheduled to release their latest financial results after the closing bell.

West Texas Intermediate crude oil fell 0.2% to $80.70 a barrel.

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