Early market gains following Greece's request for an EU-IMF
joint financial rescue and better-than-expected new home sales and
durable goods orders have since diminished. New home sales surged
27% in March, and durable goods orders excluding transportation
made the biggest gain since December 2007. But around midday, the
major market averages are mixed, with the S&P 500 unchanged on
the day. Today's top stories include:
- With several earnings figures due next week, the homebuilding
sector is experiencing significant gains during Friday's trading
session. Jared Levy provides interesting insight on names such as
Ryland Group (
Lennar Corp. (
Plum Creek Timber (
Practical Options Trader: Timber on Fire?
Ford Motor (
is recalling 33,000 midsize cars and SUVs in the U.S. due to
faulty gears in front-seat recliners, according to published
reports . While there have not been any injuries or accidents
reported, the recall affects some versions of the 2010 Ford
Fusion, Explorer, Explorer Sport Trac and 2010 Mercury Milan and
Mountaineer with front seat manual recliners.
- Upcoming earnings reports in the spotlight: On Monday, April
Texas Instruments (
are scheduled to announce earnings figures.
- And finally…
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