Home sales and rates may extend Santa rally
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Investors have only a sprinkling of  economic data on their plates in the last full week of 2007,  but if the numbers come through as expected, stocks may extend  Friday's early Santa Claus rally.
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Retail sales have risen sharply in the run-up to the key Christmas season, adding to data which suggests the economy is gathering pace and interest rates may rise next year.
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Wall Street hopes its traditional  year-end "Santa rally" will pick up steam this week.
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S&P 500 stock index futures pointed to  a higher opening on Monday, with stocks attempting to squeeze  out some gains on the last trading day of 2007, but data on  existing home sales could limit any advance.
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Holiday sales are expected to rise at  their slowest pace in five years as the weak housing market and  a credit crunch temper consumer spending, the National Retail  Federation said on Thursday.
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Treasury yields crept higher last week with continued signs of economic strengthening. An improving job market, rising consumer sentiment and booming home sales added to the reasons many traders expect the
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By Mike Jones, Tulsa World, Okla.  Dec. 17--Dear Santa,   While mulling over my wants and needs for Christmas I couldn't decide between a big-screen plasma HDTV with a new surround sound system or enough cash to pay off my credit card debt.
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With Wall Street itching for an end-of-the-year surge but still somewhat nervous about consumer spending, Americans' shopping patterns in the last hours before Christmas could make or break a "Santa Claus rally."
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Stocks were set to push a little higher on the last trading day of the year, but data on existing home sales could limit any advance.
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Business & money: Average time it takes to sell a home continues to rise, according to a new Hometrack survey
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A spokesman from the National Bureau of Statistics (NBS) said here Friday that multi-fators have pushed up the housing price. Statistics show that the prices of housing and
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Business & money: December sales fall 0.4% despite discounting, as housing demand also points to deepening slump
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RISMEDIA, Dec. 29 - Low interest rates helped the market for existing single-family home sales to set the highest monthly pace on record in November, according to the National Association of Realtors.
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Bee Staff Writer. A continued housing shortage will push California&#39;s median home resale price up by a double-digit percentage again next year even as interest rates rise and sales slow, the
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US retail sales surge in December, helped by a big rise in car sales as dealers bring in new offers to boost business.
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San Diego's slumping housing market may get a short-term boost from people looking for new homes
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Christmas can&#39;t come soon enough for the nation&#39;s retailers, but this year, it also might not come strong enough. High energy costs, rising interest rates, and consumer unease about threats