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S&P/Case-Shiller home price index rises 4.3% in October

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Investing.com - Investing.com - The S&P/Case-Shiller home price index rose more-than-expected in October, increasing for the seventh consecutive month, industry data showed on Wednesday.

In a report, Standard & Poor's with Case-Shiller said its house price index rose at an annualized rate of 4.3% in October from a year earlier, above expectations for a 4% increase.

U.S. home prices in September rose by an unrevised 3.0%.

Month-on-month, U.S. home prices rose 0.7%, above expectations for a 0.5% increase, after rising by 0.4% in the preceding month.

Following the release of the data, the U.S. dollar remained lower against the euro, with EUR/USD adding 0.09% to trade at 1.3205.

Meanwhile, U.S. stock index futures remained little changed. The Dow Jones Industrial Average futures pointed to a gain of 0.1%, S&P 500 futures indicated a rise of 0.1%, while the Nasdaq 100 futures signaled a flat open.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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