Early Rally Fades, New Home Sales Disappoint
Friday’s lackluster session saw an early rally fizzle out after another weak report on the housing market was released.
The effects of the credit crunch were visible once again today as The Wall Street Journal reported a number of banks were considering selling “everything from branches to entire units.”
The report mentioned Citigroup
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Berkshire Hathaway
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Crude oil declined today to end the week at $96 per barrel.
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