The average cost for a 30-year fixed-rate mortgage rose to 4.61% last week from 4.55% the week before, The Wall Street Journal noted. Though Deere’s EPS didn’t meet the average Wall Street analyst estimate in part due to rising costs, it did shine in other areas and EPS was up sharply from previous quarters. Executives expect input costs to continue rising, and there’s concern about how deteriorating trade relations with China and possible tariffs might affect business. Recall that last time out, Target missed Wall Street analysts’ earnings per share consensus and the stock took a hit. The country’s Commerce Ministry said Friday that punitive measures on purchases of the crop would “affect the cost of living for consumers” in China, The Wall Street Journal reported.

Source: Forbes May 21, 2018 13:41 UTC