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US STOCKS SNAPSHOT-Indexes add to losses on US home sales data
Reuters ^ | March 23, 2011 | Ryan Vlastelica

Posted on 03/23/2011 7:20:35 AM PDT by mlocher

US STOCKS SNAPSHOT-Indexes add to losses on US home sales data REUTERS — 2 MINUTES AGO NEW YORK, March 23 (Reuters) - U.S. stocks slightly added to losses on Wednesday as new home sales plunged to a record low in February.

Wall St had opened lower as concerns over debt issues in the euro zone, Japan's nuclear crisis and violence in the Middle East and North Africa persisted.

The Dow Jones industrial average was down 22.90 points, or 0.19 percent, at 11,995.73. The Standard & Poor's 500 Index was down 6.85 points, or 0.53 percent, at 1,286.92. The Nasdaq Composite Index was down 13.26 points, or 0.49 percent, at 2,670.61.

(Reporting by Ryan Vlastelica)


TOPICS: Business/Economy
KEYWORDS: homesales; low
Not stated in the article is that New Home Sales fell over 16% in February as compared to January.
1 posted on 03/23/2011 7:20:42 AM PDT by mlocher
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To: mlocher

Annualized sales at 250k. Freakin' wow!

2 posted on 03/23/2011 7:41:51 AM PDT by RobertClark (On a long enough timeline the survival rate for everyone drops to zero.)
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