Housing Mortgages Information

Mid-Day Recap: Stocks Shrug Off Housing Data, Dip Into Red

August 26, 2009 – 8:35 am Three economic reports this morning have confirmed that there are pockets of strength in the US economy, but markets are having none of it. Equities were unchanged following a big advance in new orders for durable goods, and a jump in new home sales only put stocks in the black temporarily. Three hours into the mid-week session, all three indexes had fallen from their modest gains. The Nasdaq was down 0.32% to 2,017, the S&P 500 was 0.13% lower at 1,026, and the Dow was down 0.01% to 9,539....(read more)