Movers: Home Builders, Railroads, Nucor, Starbucks, Twilio, United Airlines
- Barry Adams
- U.S.A. New York City
-
Homebuilders extended losses for the second cay after mortgage application volumed dropped by a third. Railroads declined ahead of a possible worker strike. Nucor lowered its earnings outlook.
Benchmark indexes on Wall Street struggled around the flat-line a day after major averages recorded this year's worst loss and fell the most in two years.
Producer prices, a measure of wholesale prices, declined 0.1% in August after falling 0.4% in July, the second monthly decline in a row.
The S&P 500 index increased 0.3% to 3,943.58 and the Nasdaq Composite index added 0.7% to 11,712.18.
Crude oil price rebounded 2% and reached a one-week high nearing $89 a barrel.
Crude oil prices advanced $1.20 to $88.54 a barrel and natural gas increased 47 cents to $8.73 a thermal unit.
The yield on 2-year Treasury notes increased to 3.80%, 10-year notes edged up to 3.42% and 30-year bonds eased to 3.50%
Home builders extended two-day losses to more than 10% after mortgage loan application volume decreased 1.2% for the week ending September 9 from the previous week on a seasonally adjusted basis.
From a year ago, the application volumes declined nearly one third.
Annual Returns
| Company | Ticker | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Lennar Corporation | LEN | -1% | -9% | 67% |
| CSX Corporation | CSX | 1% | -7% | 10% |
| Starbucks Corporation | SBUX | 22% | -5% | -3% |
| United Airlines Holdings Inc | UAL | -3% | 138% | -7% |
| Toll Brothers Inc | TOL | -1% | 23% | 108% |
| Union Pacific Corporation | UNP | 1% | -8% | 14% |
| Twilio Inc. | TWLO | 0% | 43% | 57% |