Stocks seesaw after Homes Report

The markets reacted positively after the government offered a rare, better-than-expected report on housing. The Commerce Department said new home sales jumped by 2.7% in September to an annual rate of 464,000. Economists had expected a more modest rise in sales. However, the median price of new homes plunged 9.1% last month to $218,400 -- the lowest level since September 2004. T

The report sent shares of homebuilders like Pulte Homes (PHM) and Lennar (LEN) sharply higher. 

Excerpt from a much lengthier article at: http://www.foxbusiness.com/story/markets/global-market-selloff-places-pressure-futures/