Investors will get fresh insight into the U.S. home builder sector next week as Toll Brothers Inc. and Hovnanian Enterprises Inc. report earnings. Shares in the sector have trailed the broader market in recent months.
Workers at jet-engine maker Pratt & Whitney ratified a five-year contract Sunday, avoiding a potential labor dispute when the company is trying to increase production of new engines for commercial airliners.
President-elect Donald Trump and his emerging team are confident their proposed tax cuts and regulatory rollbacks will spark a dramatic upswing in economic growth. Two forces will make that tough: an aging population and stagnant productivity.
U.S. employers hired at a steady clip in November while the unemployment rate fell to 4.6%, the lowest level in nine years—signs of enduring labor-market growth that will likely leave Fed officials on track to raise rates this month.