NEW YORK ( TheStreet) -- TheStreet's Debra Borchardt went through the morning rundown and what happened before the bell Wednesday.
Borchardt noted that investors are expecting to see solid numbers for existing home sales, especially after Toll Brothers' (TOL) strong earnings report.
Toll Brothers reported a 46% rise in quarterly profits and has indicated that the housing recovery is strong. Borchardt added, the homebuilder "sold more homes, at higher prices."
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