Stock Market Update
24-Jul-26 10:30 ET
June new home sales
Dow +104.92
at 51816.57,
Nasdaq -111.48
at 25047.22,
S&P +9.53
at 7417.83
[BRIEFING.COM] The S&P 500 (+0.1%), Nasdaq Composite (-0.5%), and DJIA (+0.2%) now lean mostly higher as participation remains strong in the broader market while select pockets of tech lag.
New home sales increased 1.6% month-over-month in June to a seasonally adjusted annual rate of 628,000 (Briefing.com consensus: 620,000) from an upwardly revised 618,000 (from 580,000) in May. On a year-over-year basis, new home sales were down 5.6%.
The key takeaway from the report is that monthly sales increases were seen in all regions, except the high-priced West region, where added affordability constraints are posed by higher mortgage rates.
