Stocks Slide Amid Disappointing Retail Sales, Housing Data

Stocks are lower on Wednesday, after retailers reported disappointing sales over the holiday period, and another gloomy housing report.

Berkhshire Hathaway
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agreed to buy a 60% stake in Marmon Holdings for $4.5 billion (read more).

Target
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is declining after the company cut its December same-stores sales expectations amid weak sales (read more).

LDK Solar
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is among the biggest gainers on the NYSE, while China Sunergy
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, Solarfun Power
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and Hoku Scientific
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are among the biggest gainers on the Nasdaq.

Market Snapshot

Dow

-39.26 13510.07

NASDAQ

-9.20 2704.30

S&P 500

-5.19 1491.26

Strongest/Weakest Industry Groups

Strongest Industries

% Change

Weakest Industries

% Change
Silver
+5.29%
Department Stores
-1.93%
Computer Based Systems
+4.55%
Apparel Stores
-1.61%
Gold
+4.15%
Home Furnishing Stores
-1.28%

Economic
News

None Today