Adviser Investments Stock Market Analysis: Existing Home Sales

Existing Home Sales Lag Analyst Expectations

Brian Mackey, deputy director of research at Adviser Investments, has the market analysis for Thursday February 21. After three consecutive days of gains, all major U.S. stock indexes fell 0.4% today. This decline was due, in part, to disappointing economic data, including January’s 1.2% drop in existing home sales. This is the third straight month of declining sales and January’s figure fell short of analyst expectations to a low not seen since November 2015.

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