US STOCKS-Indexes add to loss after existing home sales fell in July US STOCKS-Indexes add to losses after housing data 27 Aug 2007 22:10
(Updates with reaction to housing data)
NEW YORK, Aug 27 (Reuters) - U.S. stocks extended losses on Monday as a report showing a decline in existing home sales last month suggested the housing sector remained mired in a downturn.
The Dow Jones industrial average fell 34.06 points, or 0.25 percent, at 13,344.81. The Standard & Poor's 500 Index was down 5.90 points, or 0.40 percent, at 1,473.47. The Nasdaq Composite Index was down 9.54 points, or 0.37 percent, at 2,567.15. ((Reporting by Ellis Mnyandu
REFILE-U.S. existing home sales fell in July 27 Aug 2007 22:14
(Refiles to fix typo in fourth paragraph)
WASHINGTON, Aug 27 (Reuters) - The pace of U.S. existing home sales in July fell slightly to a 5.75 million unit annual rate and the supply of unsold single-family homes hit its highest since 1991, the National Association of Realtors said in a report on (more...)
actually, the figure was higher than expected, but anyway, if mkt going to sell
they are going to sell by any reasons, just find one to be headline. :)
For current US market, select the right stock is very very important, they can even against the market.