Skip to main content

Closing Bell: D.R. Horton Sees Order Slowdown; U.S. Stocks Jump

U.S. stocks added to massive gains enjoyed at the start of the week as voters headed to the polls to pick the next U.S. president.

U.S. stocks added to massive gains enjoyed at the start of the week as voters headed to the polls to pick the next U.S. president. The S&P 500 has risen roughly 2.5% over the past two days. Crude oil prices closed with slight gains even after the Energy Information Administration upped its forecasts for U.S. oil production for this year and the next. A global supply glut with little signs of being alleviated any time soon has kept prices under pressure. D.R. Horton (DHI) - Get D.R. Horton, Inc. Report slid after a disappointing quarter in which new orders rose just 3%. The key metric was at its slowest growth in nearly three years even as the rest of the housing market enjoys robust demand. News Corp. (NWSA) - Get News Corporation Class A Report slumped after posting a first-quarter loss. The Rupert Murdoch-run media empire reported a drop in quarter revenue on weak print ad demand and currency exchange woes.

Scroll to Continue

TheStreet Recommends