Compact cars will be built in greater numbers this year as automakers cater to penny-pinching consumers. Companies also hope to eat into sales of Toyota, Honda compact cars.
Money spent to rebuild after hurricane Irene may slightly stimulate the economy, especially as a result of insurance payments. But most expenditures will merely be diverted from one area to another.
Bonds rise as interest rates fall. Will Federal Reserve buy more bonds?
Bank stocks are cheap, says analyst Doug Kass. In the next two months alone, bank stocks should rise up to 15 percent.
Stock traders see the Dow fall 500 points before paring some of its losses. European stock traders endure biggest one-day decline in almost three years.
Stocks plummeted Monday, in response to the S&P's decision Friday evening to downgrade the US debt rating from AAA to AA+.
The US economy will double its growth rate by the end of the year, if Congress raises the debt ceiling, says economic forecaster Mark Zandi. Otherwise, 'we would be thrown into recession.'
The Dow fell about 240 points in May, which ended a five-month stretch of gains. Stocks closed higher on Tuesday with news of a possible Greek bailout package.
The home sales report also found that the median price for sales of previously owned homes was $163,700 – some 5 percent below the median price a year ago.