Economic indicators

Pending home sales declined 0.5% to an index reading of 105.9 in May, after an unrevised 1.3% fall to 106.4 in April.

The value of U.S. durable goods new orders fell 0.6% in May, a smaller drop than the 0.8% decrease expected by analysts.

Texas service sector activity “continued to increase in June, although at a slightly slower pace than last month.”

Service sector “activity grew robustly in June,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Manufacturing growth in the central Atlantic region “continued to expand in June.”

The consumer confidence index decreased to 126.4 in June from a revised 128.8 last month, The Conference Board reported Tuesday.

Home prices rose 6.4% on an annual basis in April, not seasonally adjusted.

The region's services sector showed “continued expansion,” as the general business conditions index slid to 39.1 in June from 45.3 in May.

Texas factory activity growth, as measured by the production index, “continued in June, albeit at a slower pace than in May,” according to the monthly Texas Manufacturing Outlook Survey conducted by the Federal Reserve Bank of Dallas, released Monday.

New single-family home sales rose by 6.7% to a 689,000 annual rate in May, led solely by a sharp increase in sales in the large South region.

The Chicago Fed National Activity Index for May decreased to negative 0.15 from an upwardly revised positive 0.42 in April.

The composite of the Leading Economic Index was up 0.2% in May following an unrevised 0.4% increase in April, the Conference Board said Thursday.

Initial claims U.S. state unemployment benefits fell by 3,000 to 218,000 in the June 16 employment survey week.

Manufacturers report continued growth in June, and the Federal Reserve Bank of Philadelphia Report on Business respondents reported increasing costs.

Existing home sales fell 0.4% to a seasonally adjusted 5.43 million-unit rate in May.

The U.S. current account deficit widened to $124.1 billion in the first quarter from a revised $116.1 billion gap in the previous quarter.

The pace of housing starts rose 5.0% to a 1.350 million seasonally adjusted annual rate in May as building permits fell 4.6%.

Builders’ confidence in the market for new single-family homes slipped this month.

The University of Michigan's preliminary June consumer sentiment index reading roses to 99.3 compared to the final May read of 98.0.

Total industrial output was 3.5% higher in May than it was a year earlier.