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%.
VIDEO ON MSN MONEY
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Start of summer already? Better get shopping. But give the grills and new electronics a miss for now, according to the experts at Dealnews.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.