U.S. data today may show purchases of new houses increased to a two-year high in August driven by lower borrowing costs, according to the median estimate in a Bloomberg survey.
Sales climbed to a 380,000 annual pace from a 372,000 rate in July, the Commerce Department may report. New houses made up 6.7 percent of the residential market in 2011, down from a high of 15 percent during the boom of the past decade.
Freeport, the biggest publicly traded copper producer, slid 1.1 percent to $38.86 as copper led base metals lower in London. Newmont Mining fell 1.1 percent to $54.45. The gold producer cut 50 jobs in Australia after a cost review.
Blyth tumbled 24 percent to $24.90. ViSalus, a health- products business bought by the maker of candles and decorations in 2008, withdrew its IPO filing, citing “uncertain market conditions.”
Jabil Circuit Inc. slid 5.3 percent to $19.86. The electronics supplier forecast first-quarter earnings will be no more than 62 cents a share, missing the average analyst estimate of 67 cents. The St. Petersburg, Florida-based company also forecast sales in the same period will be no more than $4.5 billion, falling short of the $4.52 billion projected by analysts.
Fortinet Inc. lost 8.5 percent to $23.64. Chief Financial Officer Ken Goldman left the provider of computer-network security for the same post at Yahoo Inc. The Sunnyvale, California-based Internet company added 0.2 percent to $15.71.
RadioShack gained 2 percent to $2.61 after the retailer said CEO James Gooch will step down immediately. Chief Financial Officer Dorvin Lively will assume the responsibilities until a replacement can be found.
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