Wednesday, September 05, 2007
U.S. stocks close with losses on dismal home sales
DJIA
13,305
-143.39
S&P
1,472
-17.13
NASDAQ
2,605
-24.29
10Yr
4.47%
-0.085
U.S. stocks close with losses on dismal home sales
NEW YORK
U.S. stocks closed lower Wednesday after an index of existing home sales
fell to September 2001 levels and a gauge of employment prompted
downward revisions two days before the government's payrolls report for
August.
The Fed: Market turmoil has small impact outside housing: Beige Book
WASHINGTON
The credit crunch and resulting financial market turmoil has little
impact on economic activity through the end of August, according to the
latest report on current economic conditions released by the Federal
Reserve on Wednesday.
July pending home sales index falls 12.2%, Realtors report
WASHINGTON
The U.S. housing market showed signs of major disruption in July, with a
12.2% monthly decline in contract signings on existing homes -- the
largest drop since the pending homes sales index started in 2001, the
National Association of Realtors reported Wednesday.
Mattel recall: Good news is that it's before Christmas rush
LOS ANGELES
Mattel Co.'s third toy recall in little more than a month may be more of
a blessing than a curse, analysts say, as the company appears to have
done the right thing by weeding out even the smallest products that are
tainted with lead-based paints -- and is doing it in time to recover for
the Christmas season.
Apple shares fall on iPhone price cut; new iPods debut
SAN FRANCISCO
Apple Inc. on Wednesday introduced the latest updates to its line of
iPod media players, unveiling a new iPod nano capable of playing videos
and beefing up the memory of its flagship model.
