Stocks Fall on Weak Economic Data

Stocks declined on Wednesday, after very disappointing home
sales data. The National Association of Realtors’ index of pending
home sales fell 16.1% from a year ago and 12.2% from the month
before. It was the second-lowest reading ever and the lowest since
Sep 01.

On top of today’s gloomy housing data, the OECD lowered its
forecast for GDP growth in the U.S. and Europe (full
story
).

Among today’s stocks in the news, Mattel
(
MAT |
Quote |
Chart |
News |
PowerRating)

announced another recall of toys made in China (read
more
).

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Stocks in Motion

Chico’s FAS
(
CHS |
Quote |
Chart |
News |
PowerRating)
August Comps. Decline; Total Sales Up 9% (full
story
).

Amazon
(
AMZN |
Quote |
Chart |
News |
PowerRating)
Unbox To Sell NBC Universal TV Shows (read
more
).

For more stories as they happen, go to our
Breaking News section.


Market Snapshot

Dow

-143.39 13305.47

NASDAQ

-24.29 2605.95

S&P 500

-17.13 1472.29

NYSE NASDAQ

Volume

1,392,832,900 1,939,751,223

Up Volume

265,147,850 550,554,982

Down Volume

1,123,317,540 1,351,959,670

Advances

922 981

Declines

2,411 1,983

New Highs

30 46

New Lows

38 46


Strongest/Weakest Industry Groups

Strongest Industries

Weakest Industries

Drug Related
Products

Manufactured Housing

Security Software & Services
Meat
Products
Biotechnology
Residential Construction





Economic
News

Pending Home Sales, Jul, Actual:
-12.2%

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