Stocks declined on Wednesday, after very disappointing home
sales data. The National Association of Realtors' index of pending
home sales fell 16.1% from a year ago and 12.2% from the month
before. It was the second-lowest reading ever and the lowest since
Sep 01.
On top of today's gloomy housing data, the OECD lowered its
forecast for GDP growth in the U.S. and Europe (full
story).
Among today's stocks in the news, Mattel (MAT | Quote | Chart | News | PowerRating)
announced another recall of toys made in China (read
more).
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Market Snapshot
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Volume |
1,392,832,900 |
1,939,751,223 |
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Up Volume |
265,147,850 |
550,554,982 |
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Down Volume |
1,123,317,540 |
1,351,959,670 |
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Strongest/Weakest Industry Groups
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Economic
News
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| Pending Home Sales, Jul, Actual:
-12.2% |
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