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Tuesday, November 24, 2020

Stocks surge as home prices post largest annual increase in over 2 years

  • Stocks surge as home prices post largest annual increase in over 2 years

    The Dow Jones Industrial Average gained 303 points, or 1.03%, in the opening minutes of trading while the S&P 500 and the Nasdaq Composite were up 0.79% and 0.51%, respectively. The S&P CoreLogic Case-Shiller index report for September showed home prices rose 6.6% year-over-year, making for their biggest annual increase since April 2018. Prices in Phoenix remained red-hot, growing at an 11.4% annual pace.

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