News Summary

Shares of KB Home KBH gained about 7.8% after the company reported its Q4 earnings at $0.23 per share, down from $1.31 per share, in the year-ago quarter. The home builder's total revenue dropped to $451 million from $674.6 million. Analysts were expecting the company to post a loss of $0.17 per share on revenue of $441.99 million. Treasury prices moved up, while the US dollar moved down after the Labor Department reported that the economy added 103,000 jobs in December and the unemployment rate dropped to 9.4%. The dollar index (DXY) dropped 0.01% to 80.78. Against the greenback, the euro fell 0.0923% to $1.2992. Yields on 10-year notes dropped about 0.62%. Shares of Best Buy Co BBY rose about 1% after the retailer reported a 4% drop in its sales at stores open at least 14 months in December. BBY's total revenue for the same period dropped 1.6% y/y to $8.4 billion. In December, the company lowered its full-year projections after reporting a surprise drop in FQ3 profit. Read more from Benzinga's Markets.