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How the Nasdaq reacted to new home sales, 25 Mar 2024

New Home Sales · Monday 25 Mar 2024, 10:00 ET · Census Bureau

In the thirty minutes after new home sales on 25 Mar 2024, the Nasdaq 100 swung 0.42% from its high to its low, close to the typical 0.41% across all 36 new home sales releases measured here (the 16th largest). It ended the half hour up 0.18% from the release price. By the 16:00 ET close it was up 0.17%, back across the release price from the first five minutes.

What printed

662K
printed
675K
forecast
▼ 13K
against the forecast

The headline figure as it read on the day; for price indexes the seasonally adjusted change from the prior month. The gap to the forecast is in percentage points (pp) where both are percentages.

Minute by minute

afterNasdaq 100S&P 500usual distance
1 minute-0.01%-0.01%0.05%
5 minutes-0.06%-0.04%0.07%
15 minutes+0.19%+0.07%0.14%
30 minutes+0.18%+0.03%0.18%
1 hour+0.23%+0.07%0.20%
2 hours+0.32%+0.07%0.30%
Swing, first 30 min0.42%0.16%0.41%

Signed moves from the release price, in percent. Usual distance is the median size of the Nasdaq move at that mark across all 36 new home sales releases, without its sign; the swing row compares like with like.

The first hour

The rest of the day

The first five minutes went down 0.06%. At the 16:00 ET close the Nasdaq 100 was up 0.17% from the release price, so by the measure on the new home sales page this release was a reversal: the close was across the release price from the 5-minute mark. That compares two moments, not the path between them.

← new home sales, 26 Feb 2024 · new home sales, 23 Apr 2024 →
All 36 new home sales releases, the averages and the method →

A record of what happened, not a forecast. Measured on Nasdaq 100 and S&P 500 index CFDs, one-minute bars; see the methodology.

Releases: Core Personal Consumption Expenditures (Core PCE) Consumer Price Index (CPI) Durable Goods Orders Fed Rate Decision (FOMC) Gross Domestic Product (GDP) Housing Starts and Building Permits Import and Export Prices Job Openings and Labor Turnover (JOLTS) New Home Sales Nonfarm Payrolls (NFP) Producer Price Index (PPI) Productivity and Unit Labor Costs Retail Sales Trade Balance (International Trade)