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Msg  19690 of 46679  at  3/23/2012 10:40:23 AM  by

windowlite


 In response to msg 19687 by  windowlite
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Re: Hoping the Feb. New Home Sales will help the markets a little...

Well ...  that didn't work out too well !! lol
 
Data:
 

Housing stocks lead market lower       03/23 


New York (Reuters) - Housing stocks led equities lower on Friday after data showed new single-family home sales fell in February, but prices jumped to their highest level in eight months, keeping hopes alive of a recovery in the sector.

The Dow Jones industrial average fell 26.64 points, or 0.20 percent, to 13,019.50. The S&P 500 Index dropped 3.85 points, or 0.28 percent, to 1,388.93. The Nasdaq Composite lost 13.64 points, or 0.45 percent, to 3,049.68.

An index of housing sector stocks , up more than 20 percent this year, dropped 3 percent.

(Reporting by Rodrigo Campos; editing by Jeffrey Benkoe)



 
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