Existing home sales rose 2.4 percent to an annualized pace of 5.17 million in September, according to the National Association of Realtors. In a hopeful sign for the housing market, the existing home sales report showed families are stepping up purchases, while the share of investors is trending downward.
Retail sales fell 0.3 percent in September, stoking worries about the strength of the economy in the early run-up to the ever-important holiday shopping season. The disappointing retail sales report once again raised questions about American consumers' spending power in the face of stagnant wage growth.
Former football player Mark Batchelor speaks on his mobile phone, bearing a photo of the late Reeva Steenkamp, as he sits in court after Oscar Pistorius' sentencing in Pretoria, South Africa. Pistorius was given a five-year prison sentence for culpable homicide for the killing of his girlfriend, Ms. Steenkamp, last year.