Stocks edged lower on Friday on continued concerns about just how high interest rates will go as the FED and other central banks raise rates to cool the economy in order to fight inflation.
The S&P 500 was down 0.3% and Toronto was down 0.4%.
Toll Brothers was down 2.9%. It will report earnings after the market close on Tuesday. I expect strong reported earnings growth. But contracts for homes may be down significantly – as they have been in the previous two quarters. What may be most important could be their comments on home sales in February (after the end of the latest quarter) and what their expectations are for the Spring selling season.