Stocks end at their lowest levels since July. Single-family home sales drop to 1995 levels. Medtronic slumps after trimming guidance. Dell and Hewlett-Packard battle over 3Par.
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.
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Fed keeps important 'considerable time' language in reference to short-term interest rates, but dissents and dots leave doubts.
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.
The Fed's latest statement confirms that it won't be coming to the rescue of depositors soon, but these institutions are worth following anyway.
Six weeks later, most Americans have forgotten about the 2014 tax season -- except those who didn't file by the April 15 deadline.
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