Stocks Mixed on Pervasive Housing Worries

The major indexes opened lower, but rallied through the day to
close mixed. After homebuilder Lennar posted record losses for last quarter,
traders sold stocks early in the morning before the indexes
managed a reversal. Poor results from the homebuilder, in addition to a weaker than
expected housing report, helped to weigh on investor sentiment
across the board.

The U.S. dollar continues to decline, hitting yet another
record low versus the euro.

Crude oil fell nearly 2%, and gold was down fractionally on
dollar weakness.

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Stocks in the News

Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating)
In Talks with Facebook; Launch of Halo 3 (read
more
).

Lennar
(
LEN |
Quote |
Chart |
News |
PowerRating)
Posts Record Loss (read
more
).

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


Market Snapshot

Dow

19.59 13778.65

NASDAQ

15.50 2683.45

S&P 500

-0.51 1517.22

NYSE NASDAQ

Volume

1,328,970,770 1,879,375,884

Up Volume

550,886,320 1,175,310,433

Down Volume

760,312,040 679,067,871

Advances

1338 1309

Declines

1938 1666

New Highs

79 64

New Lows

102 88


Strongest/Weakest Industry Groups

Strongest Industries

Weakest Industries

Consumer Electronics Home
Improvement
Airlines Home
Construction
Drug Retailers Apparel
Retailers





Economic
News

U.S. existing home sales fell to a
5-year low.