Stocks aimed for new records with markets in a generally upbeat mood ahead of a decision on interest rates from the Federal Reserve this week. The S&P 500 traded several points above 2,500 after closing at that level to end last week.
The housing market index fell back in September as worries increased that Hurricane Harvey and Irma might cause difficulty in finding labor and increasing the costs of materials. The NAHB expects confidence to return in spring once rebuilding in Florida and Texas is underway.
Rite Aid Corp. (RAD) rose on reports Walgreen Boots Alliance (WBA) will tweak how many of stores it purchases in order to secure an acquisition. The FTC is reportedly close to ending its review process of the Walgreens-Rite Aid deal.
Teva Pharmaceutical (TEVA) agreed to sell its women's health business for nearly $1.4 billion. The unit contains a portfolio of women's wellness and emergency contraception products.
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