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Marketplace All-in-One

Existing home sales fall in August

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 21 September 2023

⏱️ 1 minutes

🧾️ Download transcript

Summary

Stocks fall; existing home sales are down more than 15 percent over the last year; leading economic indicators fall; unemployment claims drop

Transcript

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0:00.0

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0:03.7

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0:08.4

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0:10.5

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0:16.4

This is The Marketplace Minute. I'm Justin Ho.

0:19.6

Stocks were in a sour mood on Thursday. The Dow fell almost 1 and 110%.

0:24.4

The S&P lost almost 1 and 2 thirds percent, and the NASDAQ gave up more than 1 and 8 tenths percent.

0:30.8

Fewer existing homes sold in August than in July. Downed 7 tenths percent,

0:35.2

according to the National Association of Realtors. It says sales rose in the Midwest,

0:39.6

but fell in the West and the South.

0:42.7

An index of leading economic indicators from the conference board dropped in August from

0:47.0

the month before. The index looks at factors including consumer expectations, factory orders,

0:52.2

and loan availability, but even though the index has been following, the current economy remains

0:57.2

pretty resilient. Case in point, the labor market. The number of people signing up for unemployment

1:02.2

benefits fell last week, the 201,000. The number of continuing claims fell too. It's at just under 1.7 million.

1:10.2

I'm Justin Ho with The Marketplace Minute.

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