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| Subject: housing data disappointing | |
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Author: March 23, 2012, 10:31 a.m. EDT Friday |
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Date Posted: 08:22:06 03/23/12 Fri Market Snapshot Archives | Email alerts March 23, 2012, 10:31 a.m. EDT U.S. stocks extend weekly loss after housing data Stories You Might Like •Sponsored: this site Tebow and the Jets: a match made in hell •Sponsored: this site U.S. stock futures flat ahead of housing data •Sponsored: Street Authority George Soros and Carl Icahn Own Almost $300… [?]4 Comments Share Digg Yahoo! Buzz MySpace del.icio.us Reddit LinkedIn Fark StumbleUpon Newsvine newPortfolio Relevance LEARN MOREWant to see how this story relates to your portfolio? Just add items to create a portfolio now: XAddDow Jones Industrial Average (DJIA)XAddDAX Performance Index (DAX)Add Create Portfolio or Cancel Already have a portfolio? Log In By Laura Mandaro, MarketWatch SAN FRANCISCO (MarketWatch) — U.S. stocks fell Friday after data on sales of newly constructed U.S. homes registered a surprise drop in February. The Dow Jones Industrial Average /quotes/zigman/627449 DJIA +0.08% fell 29.89 points, or 0.2%, to 13,016.28. The S&P 500 /quotes/zigman/3870025 SPX +0.04% lost 4.12 points, or 0.3%, to 1,388.73. The Nasdaq Composite /quotes/zigman/123127 COMP -0.23% fell 14.54 points, or 0.5%, to 3,049.02. Midmorning, the Commerce Department said sales of new homes dipped 1.6% in February to a seasonally adjusted 313,000, from a slightly downwardly revised 318,000 in January. Economists polled by MarketWatch had expected improving sales, at a 330,000 annual rate. Read more on new home sales. Stocks had wavered around the flat line ahead of the data, with drags coming from data earlier in the week illustrating slowdowns in China and Europe. Click to Play Europe's week ahead: DAX 7,000Can Germany's DAX stay above 7,000 and will the FTSE 100 breach 5,900? Italian bank UniCredit announces its full year earnings and the latest German Ifo Business Climate Index figures are released. A lower close for the Dow and S&P 500 would cap the indexes’ fourth straight loss and push weekly declines, of 1.6% and 1.1%, respectively, to their worst since mid-December. Still, key stock indexes are up between 7% and 17% this year, a heady move that had prompted strategists in recent weeks to say a correction was likely. “Global confidence has pulled back somewhat this week, led by disappointing global PMI numbers,” wrote analysts at Barclays Capital. Purchasing-manager indexes in China and Europe that showed business activity in contraction weighed on commodities and global stocks this week. “But we do not think these indicators necessarily signal the end of the risk asset rally. We do not expect a sustained correction and recommend repositioning portfolios toward assets that should benefit from a U.S.-led recovery,” Barclays added. /quotes/zigman/627449 Add to portfolio DJIA Dow Jones Industrial Average 13,056.93 +10.79 +0.08% Volume: 36.40MMarch 23, 2012 11:18a /quotes/zigman/3870025 Add to portfolio SPX S&P 500 Index 1,393.38 +0.60 +0.04% Volume: 161.99MMarch 23, 2012 11:18a /quotes/zigman/123127 Add to portfolio COMP NASDAQ Composite Index 3,056.29 -7.03 -0.23% Volume: 0.00March 23, 2012 11:18a Laura Mandaro is a MarketWatch editor, based in San Francisco. [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| Monday 28/11/2011 (NT) | Spam dissapointing | 09:19:27 03/23/12 Fri |