Dow Jones Today Rising as Home Price Growth Slows

The Dow Jones today is up, while home price data from Case-Shiller and FHFA was mixed.

Feb 25, 2014 at 1:30PM

Although we don't believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes -- just in case they're material to our investing thesis.

The Dow Jones Industrial Average (DJINDICES:^DJI) was up 32 points, to 16,239, at 1:30 p.m. EST after mixed reports on the housing market and consumer confidence. The S&P 500 (SNPINDEX:^GSPC) was up two point to 1,850.

There were three U.S. economic releases today.

Report

Period

Result

Previous

S&P/Case-Shiller 20-City Composite Home Price Index

December

0.8%

0.9%

FHFA House Price Index

December

0.8%

0.1%

Consumer confidence index

February

78.1

79.4

The home price indices are the ones to pay attention to today. The S&P/Case-Shiller 20-City Composite Home Price Index and the Federal Housing Finance Agency House Prince Index both rose a seasonally adjusted 0.8% in December. That's down from November's 0.9% gain for the Case-Shiller and up from November's 0.1% decrease for the FHFA. On a nonseasonally adjusted basis, FHFA home prices were basically flat, up from November's 0.5% drop, while the Case-Shiller composite was down 0.1%, unchanged from November.

G

Source: S&P/Case-Shiller Home Price Indices.

With the slow gains, home prices are still up over the past 12 months. The Case-Shiller is up 13.4% year over year and the FHFA index is up 7.7%. Home price appreciation generally slows in the winter months, as fewer people move, and then picks up in the spring and summer. Still, 13.4% is the fastest annual growth since 2005 and brings U.S. home prices closer to the highs hit in 2006. Home prices are not expected to keep rising so quickly in 2014, as higher mortgage rates and increased supply start to slow home-price appreciation.

While the Dow and home prices were little moved, Home Depot (NYSE:HD) is leading the Dow higher today, up 3.1% to $80.27, after its fourth-quarter and full-year earnings report. The home improvement retailer reported quarterly earnings per share of $0.73, better than analysts' expectation of $0.71. Revenue had been expected to hit $17.9 billion, but was down 3% year over year to $17.7 billion. The terrible winter was partly to blame, but Home Depot should see some benefit from the tough weather in the spring and summer as people repair their properties.

U.S. News & World Report says this "Will drive the U.S. economy." And Business Insider calls it "The growth force of our time." In a special report entitled "America's $2.89 Trillion Super Weapon Revealed," you'll learn specific steps you can take to capitalize on this massive growth opportunity. But act now, because this is your shot to cash in before the fat cats on Wall Street beat you to the potentially life-changing profits. Click here now for instant access to this free report.

Dan Dzombak can be found on Twitter @DanDzombak or on his Facebook page, DanDzombak. He has no position in any stocks mentioned. The Motley Fool recommends Home Depot. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Money to your ears - A great FREE investing resource for you

The best way to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as “binge-worthy finance.”

Feb 1, 2016 at 5:03PM

Whether we're in the midst of earnings season or riding out the market's lulls, you want to know the best strategies for your money.

And you'll want to go beyond the hype of screaming TV personalities, fear-mongering ads, and "analysis" from people who might have your email address ... but no track record of success.

In short, you want a voice of reason you can count on.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich," rated The Motley Fool as the #1 place online to get smarter about investing.

And one of the easiest, most enjoyable, most valuable ways to get your regular dose of market and money insights is our suite of free podcasts ... what we like to think of as "binge-worthy finance."

Whether you make it part of your daily commute or you save up and listen to a handful of episodes for your 50-mile bike rides or long soaks in a bubble bath (or both!), the podcasts make sense of your money.

And unlike so many who want to make the subjects of personal finance and investing complicated and scary, our podcasts are clear, insightful, and (yes, it's true) fun.

Our free suite of podcasts

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. The show is also heard weekly on dozens of radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable. Rule Breaker Investing and Answers are timeless, so it's worth going back to and listening from the very start; the other three are focused more on today's events, so listen to the most recent first.

All are available for free at www.fool.com/podcasts.

If you're looking for a friendly voice ... with great advice on how to make the most of your money ... from a business with a lengthy track record of success ... in clear, compelling language ... I encourage you to give a listen to our free podcasts.

Head to www.fool.com/podcasts, give them a spin, and you can subscribe there (at iTunes, Stitcher, or our other partners) if you want to receive them regularly.

It's money to your ears.

 


Compare Brokers