The expiration of tax credits available earlier in the year hurt sales in July. Single-family sales drop to levels not seen in 15 years. But homebuilding shares rebound off early losses.
Economic worries continue to weigh on investors' minds. 3Par soars again after a Hewlett-Packard bid tops Dell by a third. Gold is little changed; oil drops 1%.
As earnings season winds down, results are due from Burger King, Barnes & Noble, Toll Bros., Tiffany and big Canadian banks. Economic reports may not offer much cheer.
Morning losses are cut in half as the dollar falls against the euro. Crude falls below $74. Research In Motion shares fall on a downgrade.
Manufacturing is the biggest winner as automakers begin to rehire. Construction is still shrinking.
Jobless claims and a key manufacturing indicator worsen. Intel will buy security software maker McAfee. Interest rates fall. Dell earnings disappoint. Hewlett-Packard boosts outlook.
The automaker hopes to sell shares to the public by November. The sale could reduce the US government stake to below 50%.
Shares rebound from early selling. General Motors files to go public. Target and Chico's FAS spark a rebound in retail stocks. Takeover talk swirls around US Steel.
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