Stocks Gain a Second Day, Housing Data Disappoints: Macro Squawk

US stocks rose for a second day though pared earlier gains after Apple shares turned negative and fell as much as 1.3% after the Information reported the tech giant is cutting production of its iPhone 14 Plus, citing people familiar with the matter. BofA strategists see bottom for equities in first half of 2023. Bank of America Corp. said sentiment on stocks and global growth among fund managers it surveyed shows full capitulation, opening the way to an equities rally in 2023. An index of home builder sentiment fell to 38 in Oct. vs 46 last month, the 10th straight ...