Midday Report: Existing Home Sales Near 10-Year High; Stocks Come Off Highs

Stocks come off highs, though remained on track to close at records. The Dow topped 19,000 for the first time ever earlier in the session.

Author:: Keris Alison Lahiff
Publish date:: Nov 22, 2016 12:06 PM EST

Stocks came off highs, though remained on track to close at records. The Dow Jones Industrial Average topped 19,000 for the first time ever earlier in the session. Existing home sales neared a 10-year high in October as demand continued to outpace supply. Sales of previously owned homes climbed 2% to an annual pace of 5.6 million, its highest level since early 2007. DSW (DSW) - Get Report rose after lifting its full-year outlook on the back of tighter cost controls and improved sales. The shoe retailer anticipates full-year adjusted profit of at least a $1.35 a share. Barnes & Noble (BKS) - Get Report climbed after narrowing its second-quarter loss and reporting better-than-expected sales. The book retailer did see a 4% drop in revenue, though, a result blamed on sluggish sales tied to the election cycle.