Stock Market Update
13-Oct-26 10:30 ET
Existing Home Sales
Dow +18.39
at 51869.15,
Nasdaq -34.32
at 27232.02,
S&P -6.21
at 7801.10
[BRIEFING.COM] The DJIA (+0.1%) remains a touch above its baseline while the S&P 500 (-0.1%) and Nasdaq Composite (-0.1%) are slightly lower.
Existing home sales increased 1.5% month-over-month in September to a seasonally adjusted annual rate of 3.99 million (Briefing.com consensus 3.96 million) from a downwardly revised 3.93 million (from 3.98 million) in August. Sales were down 2.2% on a year-over-year basis.
The key takeaway from the report is that year-over-year sales were down in all four regions, reflecting persistent headwinds from high mortgage rates. As a result, August and September have been the slowest two months for home sales so far in 2026.
