Wall Street lower … Pending homes sales rebound in November … 26th day of France’s transportation strike
NEW YORK (AP) – Stocksáare lower in early trading on Wall Street today, led by declines in technology and communication services companies. The selling cuts into some of the market’s recent gains in what has been a strong run for stocks. At 10:45 a.m. Eastern Time, the S&P 500 was down 19 points, at 3,221. The Dow dropped 183 points, at 28,463. The Nasdaq fell 69 points, to 8,937. The Russell 2000 index of smaller company stocks dropped 0.5%. Bond prices fell. The yield on the 10-year Treasury note rose to 1.92%.
WASHINGTON (AP) – Americans signed more contracts to purchase homes in November, bouncing back from last month’s decline, indicating that the housing market is still strong. The National Association of Realtors says its pending home sales index, which measures the numbers of purchase contracts signed, rose 1.2% last month, to 108.5. The trade association says that contract signings measured year over year are up a robust 7.4%.
MOSCOW (AP) – Russian’s foreign minister is warning that Iran’s nuclear deal with world powers is in danger of “falling apart” as neither the United States nor the European Union is complying with the accord. Russian Foreign Minister Sergei Lavrováis accusing the U.S. of “towing” a “destructive line” by withdrawing from the deal and imposing sanctions that crippled the Iranian economy. The 2015 deal between Iran and Britain, China, France, Germany, Russia and the United Statesálifted sanctions on Iran in exchange for limits on its nuclear program. In response to the U.S. sanctions, Iran has inched its way toward violating the accord.
PARIS (AP) – It’s the start of the fourth week of transportation strikes in France, and some commuters in Paris are getting a little relief. Just two Metro lines remain completely closed, compared to the five that were closed on Friday. The Eurostar link with Britain and connections with Belgium, the Netherlands and Germany are also still experiencing cancellations. Services remain severely disrupted on slower French regional and inter-city lines. The strikes, in their 26th day, are over government plans to reform the French pension system.
ST. PHILLIPS ISLAND, S.C. – Guests will soon be able to rent a beach house that once belonged to billionaire Ted Turner’s family on a private South Carolina island. The state’s director of Parks, Recreation and Tourismátells The Post and Courier that his department is finishing rehab work on the property and expects to open it for rental starting in spring 2020. The four-bedroom, four-bathroom house sits on what was once the Turner family compound on St. Phillips Island, across the sound from Hilton Head Island.