July 30, 2018
After a poor Spring, housing may finally becoming alive based on an outsized gain for pending home sales. In contrast to housing, manufacturing has been very strong evident in yet another red-hot Dallas Fed report.
Last week's sell-off in technologies, fed by Facebook's earnings miss, extended into Monday's session as the Nasdaq fell 1.4 percent to 7,630. The Dow slipped 0.6 percent to 25,306. Oil rallied more than $1 and is once again testing the $70 line. The dollar index fell 0.3 percent to 94.37 while rates and gold were little changed.