Financial and tech stocks lead the market higher. The major indexes have their best month since 2002; first-quarter losses are trimmed substantially. Home prices are still falling. The rally faces big hurdles.
Here, all together, are the pieces of the master plan that officials hope can steady the staggering US economy and financial system. Plus: The chances of success.
News at a Glance
Housing Woes: Case-Shiller Index missed consensus in Jan.
Small Rebound: Major indexes lean positive after losses.
Manufacturing Slows: Chicago PMI missed the mark in March.
Mile-High Wi-Fi: American Airlines expands Internet service.
The Lowdown
A day after Washington’s smackdown of Detroit left equities in a deep hole, traders went bargain-hunting.
Stocks were higher Tuesday, the last day of [...]
Housing Crunch Still Hitting Lennar
Investors sold home builder Lennar (LEN) Tuesday after it reported a wider-than-expected loss and slashed promotional interest rates below 4% to push sales.
The Miami-headquartered home builder lost 98 cents a share in the first quarter, down from 56 cents a year ago, and reported a 21% drop in new orders. Wall [...]
Here, all together, are the pieces of the master plan that officials hope can steady the staggering US economy and financial system. Plus: The chances of success.
