Early Update – Transports Reach Upside Target – Tech Breaks Trend Line

10:49 a.m. ET In economic data since the open, New Home Sales dropped -2.5% MoM (more than expected and the first drop since February), missing consensus estimates of +5%. Last month’s blowout 12.2% surge in sales was revised down to a 6.6% rise. The median new home price fell 4.0% y/y to $415,400; average selling…