The markets were mostly higher today but struggled to find direction. Investors have had the day to analyze the results from the Greek election and continue to keep an eye on the situation in Spain.
Some good news on the economic front, as homebuilder sentiment rose to its highest level in 5 years, according to the National Association of Homebuilders. June's reading came in at 29, though any number below 50 is not considered to be favorable. Toll Brothers (TOL) and Beazer Homes (BZH) were among the homebuilders trading higher on the news today.
Facebook (FB) has reportedly acquired Face.com, a company which provides technology that recognizes faces in photos. There's no word on the financial terms of the deal. Meanwhile, Facebook shares are trading above $30 a share today.
In M&A news, Yamana Gold (AUY) announced it will acquire Extorre Gold Mines (XG). The deal is said to be worth around $400 million.
Tomorrow, we'll take a look at the numbers for housing starts and we'll also get earnings results from Fedex (FDX) and Discover Financial (DFS).
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