HOME SWEET HOME: The National Association of Realtors said signed contracts to buy U.S. homes increased 0.2 percent in November. Pending sales contracts are a barometer of future purchases. Homebuilder shares were broadly higher after the report, led by LGI Homes. The stock gained $2.31, or 3.2 percent, to $75.30.
ENERGY SLUMP: Declining crude oil prices weighed on oil producers and other energy companies. Devon Energy fell 78 cents, or 1.8 percent, to $41.80.
TAKING A SWING: Callaway Golf tumbled 5.5 percent after the company said it invested another $20 million in entertainment company Topgolf, giving it a 14-percent stake. Callaway lost 83 cents to $14.23.
OIL: Benchmark U.S. crude dropped 43 cents to $59.54 a barrel on the New York Mercantile Exchange. Brent crude, which is used to price international oils, slipped 59 cents to $65.87 per barrel in London.
BOND YIELDS: Bond prices rose. The yield on the 10-year Treasury fell to 2.43 percent from 2.48 percent late Tuesday.
CURRENCIES: The dollar rose to 113.29 yen from 113.18 yen on Tuesday. The euro strengthened to $1.1899 from $1.1867.
THE BITCOIN TRADE: The price of bitcoin fell 5.8 percent to $14,890 as of 12:47 p.m. ET, according to the tracking site CoinDesk. Bitcoin futures on the Cboe Futures Exchange slid 3.4 percent to $15,280. The futures contracts allow investors to make bets on the future price of bitcoin.
MARKETS OVERSEAS: Major stock indexes in Europe were mostly higher. Germany’s DAX was flat, while France’s CAC 40 edged up 1 percent. Britain’s FTSE 100 rose 0.4 percent. Earlier in Asia, Japan’s benchmark Nikkei 225 edged up nearly 0.1 percent, while Australia’s S&P/ASX 200 was virtually unchanged. South Korea’s Kospi added 0.4 percent. Hong Kong’s Hang Seng inched 0.1 percent higher.
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