Wednesday, August 23, 2006
U.S. stocks fall on weak housing data, Iran reports
Date: Wed, 23 Aug 2006 12:01 PM
Economic Report: U.S. existing-home sales plunge to a two-year low in
July
Sales of existing homes plunged 4.1% to a seasonally adjusted annualized
rate of 6.33 million in July, the slowest sales since January 2004, the
National Association of Realtors said Wednesday.
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U.S. stocks fall on weak housing data, Iran reports
U.S. stocks traded lower Wednesday after weak housing data raised
concern about a sharper-than-expected slowdown in economic growth, with
news reports that Iran may have made a breakthrough in its nuclear
research further undermining sentiment.
