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Existing Home Sales: Total existing-home sales fell 10.5% to a seasonally adjusted annual rate of 4.76MM in Nov. from 5.32MM in Oct. Post last month's decline, sales are currently 3.8% below a year ago level, which is the first YoverY fall since Sept. 2014. Median existing-home price for all housing types in Nov. rose 6.3% above Nov. 2014 levels.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.