D.R. Horton shares fell more than 10 percent after the largest U.S. homebuilder forecast first-quarter home sales below analysts' estimates on Thursday, the latest sign that rising mortgage rates and higher home prices are weighing on the housing market.
U.S. auto sales rose slightly in October, hit by rising interest rates and higher vehicle prices, and No.2 carmaker Ford Motor Co. warned of slipping consumer confidence, indicating sales volumes would continue to moderate in 2018.
Spirit AeroSystems topped Wall Street estimates for third-quarter profit on Wednesday, and said it was back on track to meet surging demand for its aircraft parts from top customers Boeing Co and Airbus SE .
U.S. specialty metals maker Arconic Inc reported a better-than-expected quarterly profit on Tuesday and raised its full year earnings forecast, driven by higher demand for aluminum parts used in airplanes.
Oct 30 U.S. specialty metals maker Arconic Inc
reported a better-than-expected third-quarter profit on
Tuesday, helped by higher demand for aluminum parts used in
Shares of U.S. automakers rose on Monday after a report that China was considering halving its car purchase tax to 5 percent to support its struggling auto industry, which has been hit hard by the ongoing Sino-U.S. trade war.
Defense contractor Raytheon Co beat analysts' estimates for third-quarter profit on Thursday and raised its full-year forecast, helped by sales of Patriot missile defense systems and cybersecurity services.
Boeing shares jumped on Wednesday after the world's largest planemaker reported stronger-than-expected quarterly profit and cash flow, helped by soaring demand from airlines and solid defense sales and services, and raised its 2018 sales and profit estimates. | Video