Case-Shiller home prices rose 1.9% in July, with the 20-city survey up 2.5% and the 10-city up 3.4%, though the report marked the 14th-straight decline in real home prices. Chicago posted the biggest gain for a fifth-straight month at 6.9%, followed by New York City at 5.8% and Cleveland at 4.2%, while Seattle fell 1.6%, Las Vegas 1.3% and Denver 1.1%. CarMax shares rose 5% after the auto dealer reported a 70.6% earnings surprise to $1.16 per share in its fiscal Q2, with revenues up 11.54% to $7.88 billion. Ahead of the open, the August JOLTS report is expected to show job openings easing to 7.2 million from 7.27 million, and the Conference Board's September Consumer Confidence reading is expected to dip to 89 from 89.4 in August. Pre-market futures were modestly higher, with the Dow up 70 points, the Nasdaq up 94, the S&P up 10 and the Russell 2000 up 4, as WTI traded at $90 per barrel and Brent at $103 per barrel.
CarMax IncCarMax reported a 70.6% earnings surprise to $1.16 per share with revenues up 11.54% to $7.88 billion in fiscal Q2.
