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Investors Worry About Housing Numbers

By John Patrick Lee | TradingMarkets.com
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Major indices close in the red for the day; GM cost-cutting and a slowing housing market have investors worried.

Despite increasing geopolitical tensions surrounding the Middle East, crude oil futures closed lower for the day.

Toll Brothers' (TOL | Quote | Chart | News | PowerRating) Power Rating stock fell as much as 6% after cutting its 2006 home-delivery estimate.  Toll Bros' announcment seriously affected the housebuilding sector, which fell as much as 5%.

Stocks On The Move

Boston Scientific (BSX | Quote | Chart | News | PowerRating) Power Rating Q4 EPS Before Items Dips, Misses Estimates By A Penny (full story).

Can Cisco (CSCO | Quote | Chart | News | PowerRating) Power Rating Buttress The Markets Limping On Tech Backlash? (full story)

Polo Ralph Lauren (RL | Quote | Chart | News | PowerRating) Power Rating 3Q Profit Up On Higher Sales, Trims Forecast On Closure Charges (full story).

Coca-Cola (KO | Quote | Chart | News | PowerRating) Power Rating Q4 Adj. EPS Beats Street View (full story).

BP (BP | Quote | Chart | News | PowerRating) Power Rating Q4 Profit Rises 23%, But Misses Consensus On Hurricane Impact (full story).

Emerson Electric (EMR | Quote | Chart | News | PowerRating) Power Rating Q1 EPS Up 37% On Double-digit Growth In All Segments (full story).

For more stories as they happen, go to our Breaking News section.

Dow

-47.79

10,750.48

NASDAQ

-13.84

2,244.96

S&P 500

-10.20

1,254.82

NYSE

NASDAQ

Volume

2,312,369,000

2,113,525,000

Advances

1035

935

Declines

2207

2091

Up Volume

507

843

Down Volume

1553

1108

New Hi's

90

95

New Lo's

33

37

 

Strongest Sectors

Weakest Sectors

Computer Tech (XCI | Quote | Chart | News | PowerRating) Amex Gold Bugs (HUI | Quote | Chart | News | PowerRating)
Semiconductor (SOX | Quote | Chart | News | PowerRating) Gold and Silver (XAU | Quote | Chart | News | PowerRating)
GSTI Semiconductor (GSM | Quote | Chart | News | PowerRating) Oil Service (OSX | Quote | Chart | News | PowerRating)

Economic News

No major economic news to report at this time.

John Patrick Lee
johnl@tradingmarkets.com

To sign up for Gary Kaltbaum's training classes, along with other exciting TradingMarkets educational sessions, click here.


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