- The S&P/Case-Shiller composite index of single-family home prices in 20 metropolitan areas declined 0.7 %, a bigger drop than the 0.5% expected. The decrease added on to the 0.7% decline seen in October from September. Home prices in Atlanta dropped 12% last year -- the most in 20 metro areas. Detroit saw the biggest gains, at 4%.
- The Conference Board said consumer attitudes fell to 61.1 in January from a revised 64.8 the month before, as Americans turned gloomy about the job market and their income prospects.
- (Bloomberg) Imagine an industry on a roll. Its income surpassed the $100 billion mark last year for the first time. On top of these riches, those in the business got an additional $25 billion or so in federal handouts. The 1 percenters of Wall Street? Not even close. The beneficiaries are America’s farmers, or to be more accurate, the wealthy owners of very big farms.
- ARM Holdings (ARMH) reported quarterly sales of $217.41million up 21% YoY.
- Joblessness in the 17 countries that use the euro rose to 10.4%
- Biogen said its Q4 earnings rose 25%
- China Manufacturing PMI 50.5 vs 49.8 expected.
- Amazon.com Inc. (AMZN) net income fell to $177 million, or 38 cents a share, from $416 million, or 91 cents, a year earlier.
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