Markets

The pace of housing starts rose by 0.9% to a 1.168 million seasonally adjusted annual rate in July, below expectations for a 1.270 million rate.

Manufacturers report expanding at a slower rate in August.

New York service sector activity “expanded at a solid clip” In August, according to the Federal Reserve Bank of New York's Business Leaders Survey, released Thursday.

The municipal bond market saw another big wave of supply sweep in on Wednesday, led by issuers in Connecticut, Pennsylvania, Hawaii and New York.

S&P Global Ratings dropped the Ohio-based system four notches to BBB.

The Salvation Army Central Territory bonds carry double-A ratings.

The city will sell them this year if Rahm Emanuel's administration decides to move forward.

The supply keeps coming for municipal bond buyers, with a slew of new deals pricing in the primary.

The value of business inventories in June was up 0.1%, as expected by analysts.

The National Association of Home Builders' housing market index dipped to 67 in August.