Earnings season is still in high gear with multiple sectors reporting. American Airlines and Southwest open their books today, against a backdrop of surging coronavirus cases in under-vaccinated hotspots like Louisiana. AT&T represents the mobile sector with its earnings report. We also hear from Domino’s Pizza, Unilever, Twitter, and Snapchat parent, Snap Inc.
Data on the housing market in focus as sales of previously owned homes for June are posted today. A rise to almost 6 million units is expected, thanks to an inventory uptick and lowering lumber prices. In May, existing home sales fell by almost 1%.
WalletHub compared more than 180 U.S. cities on key indicators of rental attractiveness and quality of life, like rental-price changes, cost of living, and job availability. New Orleans is 4th from the bottom, one of the worst cities for renters in the country. Shreveport and Baton Rouge are both only about 10 spots higher.
The New Orleans Redevelopment Authority will auction off more than 100 vacant lots and buildings across the city. It’s online-only starting August 23rd with a minimum bid price of $4000 per property.
The major indices continue to recover after Monday’s market route. The Dow gained 286 points, the S&P 500 added 35 and the Nasdaq closed 133 points higher. Futures are higher.