Mortgages

While way up annually, pending home sales saw its third consecutive month of decline. Elsewhere, the Chicago PMI bested estimates.

The housing market continues to shine, showcased by the S&P CoreLogic Case-Shiller national index, which climbed 1.4% in October from a month earlier. On an annual basis the national index jumped 8.4% in October, compared with 7.0% in September.

Jobless claims decreased in the latest week, while new home sales fell 11%.

The resurgence of the coronavirus led to a larger than expected drop in consumer confidence.

Fitch Ratings said Tuesday the $900 billion “will help stabilize state and local budgets in fiscal 2021 even if it does not include direct aid to most governments.”

The Federal Reserve Bank of Philadelphia's manufacturing index fell to a seventh- month low, while jobless claims hit a three-month high.

The rising number of COVID-19 cases and the restrictions imposed to stop its spread, led to a pullback in consumer spending and has a regional service sector reeling.

The 245,000 increase in nonfarm payrolls indicated a slowing, and with lockdowns rising, December's numbers could fall again.

Pending home sales unexpectedly declined in October, the second consecutive month they dropped.

The flood of indicators released Wednesday were indicative of a slowing economy, analysts said.

The consumer confidence index suggested expectations have slipped, and the Richmond Fed's services survey also offered a dim view ahead.

Jobless claims rose and existing home sales surged, underscoring the uneven and sporadic nature of the COVID-19 pandemic recovery.

Two vaccines seem effective and nearly ready for use, spurring talk of a return to normal.

October retail sales rose less than forecast, and with a new wave of rising infections, analysts worry that lost jobs and increased restrictions could hurt sales going forward.

Inflation remains low, while initial jobless claims continue improving, but the coronavirus pandemic looms large.

The Conference Board's Employment Trends Index (ETI) gained to 97.57 in October from 96.33 in September, but remains 11.1% lower than a year ago, the group announced Monday.

Both the ADP employment report and the ISM services PMI came in below estimates, suggesting weakness in the recovery.

Republicans in the New York county's legislature oppose the debt restructuring, which would save the county an estimated $285 million in interest next year.

Gross domestic product surged in the third quarter's first read, but analysts suggest the rising number of coronavirus cases bodes ill for fourth quarter growth.

Consumers cut back on purchasing plans, suggesting they see a tough fourth quarter, economists said.