Market Pulse - Usa
US existing home sales jump in October for first time in six months
House buying activity in the States picked-up last month following a build-up in inventories of unsold homes.
US open: Positive start to trading as stocks attempt to recover from rough start to the week
Wall Street trading began with some gains on Wednesday as the major US indices tried to bounce back from heavy losses witnessed earlier in the week.
iPhone assembler Foxconn plans to cut $2.9bn in costs
Foxconn Technology Group, the biggest assembler of Apple iPhones said it plans to slash $2. 9bn in costs in 2019 as it faces a “very difficult and competitive year”, Bloomberg reported on Tuesday.
Sharp drop in US durable goods orders for October
Orders for goods made to last more than three years plumeted in October amid sharp drops in those for both civilian and military aircraft, although the underlying data was stronger.
US close: Technology woes drag markets down again
Wall Street trading finished as red as it started on Tuesday, with technology plays in focus again following a dismal session the day before.