This Week: US home sales, Nvidia earns, durable goods orders

A look at some of the key business events and economic indicators upcoming this week:


The National Association of Realtors releases its July tally of existing U.S. home sales Tuesday.

Economists project that sales of previously occupied homes slowed slightly last month from June to a seasonally adjusted annual rate of 4.12 million. A near-historic low number of homes on the market nationally and rising mortgage rates have kept many would-be homebuyers on the sidelines this year. Sales in June slowed to the slowest pace since January.

Existing home sales, in millions, seasonally adjusted annual rate:

Feb. 4.55

March 4.43

April 4.29

May 4.30

June 4.16

July (est.) 4.12

Source: FactSet


Wall Street expects another strong quarterly snapshot from Nvidia.

Analysts predict the chipmaker will report Wednesday that its fiscal second-quarter earnings and revenue rose sharply compared to the same quarter last year. Nvidia, which in May hit a $1 trillion market capitalization, has benefited from the growing use of artificial intelligence. In its fiscal first quarter, the company posted a profit of more than $2 billion and revenue of $7 billion, both exceeding Wall Street’s forecasts.


The government’s latest snapshot of U.S. durable goods orders should provide insight on how the manufacturing sector is doing.

Orders to U.S. factories for big-ticket manufactured durable goods, which are meant to last three years, rose 4.6% in June, more than double the previous month’s gain. Economists project that July’s orders fell 3.8%. The Commerce Department releases its latest data on durable goods orders Thursday.

Durable goods orders, monthly percent change, seasonally adjusted:

Feb. -2.7

March 3.3

April 1.2

May 2.0

June 4.6

July (est.) -3.8

Source: FactSet

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