July 31, 2017
Pending home sales bounced back after 3 straight declines to give a long awaited indication of strength for the resale market. Stocks were mixed though the Dow posted a useful 0.3 percent gain to 21,891 and another record. The euro continues to surge, hitting a 2-1/2 year high over $1.1800 and sending the dollar index down 0.5 percent to 92.85. Oil is testing support at $50, ending just above the level. Rates and gold were little changed.