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0.000558596804826245 -0.000893754887722023 0.00128477265110038 0.00167579041447889 0.000670316165791557 -0.00268126466316607 -0.00458049379957543 -0.00189922913640936
Stock impact report

U.S. home sales tumble as coronavirus keeps buyers indoors [Reuters]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Reuters
U.S. home sales tumble as coronavirus keeps buyers indoors WASHINGTON (Reuters) - U.S. home sales dropped by the most in nearly 4-1/2 years in March as extraordinary measures to control the spread of the novel coronavirus brought buyer traffic to a virtual standstill, with realtors and economists expecting a further deterioration in housing market activity through the second quarter. The slump in home resales reported by the National Association of Realtors (NAR) on Tuesday added to a pile of dismal March reports in illustrating the economic havoc from the coronavirus outbreak, which has thrown millions out of work. “The virus could have prevented some transactions from being completed late in the month,” said Daniel Silver, an economist at JPMorgan in New York. “Given a range of indicators showing that activity in the housing market fell as the virus spread intensified, we think the existing home sales data likely will deteriorate further in upcoming reports.” Existing home sales tum Show less Read more
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