IN THE CLOUD Wall Street expects another solid quarterly report card from Microsoft. Financial analysts predict the software pioneer will report on Wednesday that its earnings and revenue increased in the July-September quarter from a year earlier. Steady growth in Microsoft's cloud computing business has helped lift the company's earnings.
EYE ON HOUSING The Commerce Department issues its September tally of new U.S. home sales Thursday. Low mortgage rates have been enticing more buyers of late. Sales of newly built homes jumped 7.1% in August to a seasonally adjusted annual rate of 713,000. Economists project that the pace of sales slowed last month to just under 700,000 units.
New home sales, seasonally adjusted annual rate, by month: April 656,000 May 598,000 June 729,000 July 666,000 Aug. 713,000 Sept. (est.) 699,000 Source: FactSet