Reports on existing home sales and energy inventories will be released Wednesday morning along with second-quarter earnings from Tesla, Abbott Labs, United Airlines and more.
figures will be released. The National Association of Realtors is expected to say that sales of previously owned homes fell 0.6% to a seasonally adjusted annual rate of 5.38 million units. That would be the fifth straight monthly drop, and the lowest reading in more than two years . It would also mark a 17.1% decline from January when sales were humming along at a 6.49 million annual pace.
June figures for existing home sales are expected to be released at 10 a.m. ET Wednesday, July 20, 2022, and are expected to show that sales of previously owned homes fell 0.6% to a seasonally adjusted annual rate of 5.38 million units.Following the existing home sales data for June at 10 a.m. ET, the U.S. Department of Energy’s Information Administration will release its inventory report for last week.expected to rise by almost 1.4 barrels, following a large surprise build of more than 3.
Storage tanks at the Torrance Refining Co. in Torrance, California, U.S., on Monday, Feb. 28, 2022. On Wednesday, June 20 at 10 a.m. ET, the U.S. Department of Energy’s Information Administration will release its inventory report for last week. CrudeWednesday morning, including managed care provider Elevance , medical device maker Abbott Labs and biotechnology firm Biogen. In the afternoon, electric car maker Tesla will take center stage.