News Update: Stocks Stay in Red After Weak New Home Sales Data

Stocks continue to wallow in negative territory after the Commerce Department said U.S. new home sales plunged to a new all-time low in July. The decrease in new-home sales to a seasonally adjusted annual rate of 276,000 was well below the 339,000 pace expected by economists surveyed by MarketWatch. New-home sales in June rose a revised 12.1% to a 315,000 level compared with the previous estimate of a 23.6% rise to 330,000. New-home sales are down 32.4% compared with a year ago. The data underscores worries over the strength of the recovery. This morning, durable goods orders rose a less-than-expected 0.3% in July and on Tuesday, existing U.S. home purchases tumbled more than 27% in July, the largest one-month drop on record. The Dow was last down 0.67%, the Nasdaq off 0.75% and S&P 500 down 0.88%.

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[heathermyers890]

that was pretty nice!

[giter1234]

Look at them big damn deals.

[uzimodem]

Obumbles and that ditz VP Biden said with this stimulus, no unemployment over 8%!! And we had a "recovery summer" too LOL Talk about incompetence. Now it has inched up to 9.6% and will most likely go up. Nov 2010 cant get here soon enough.

[ByakuyaSama05]

Say NO to socialism and communism. Say YES to cite youtube and other liberal media sites of imposing on the 1st amendment of the United States Constitution.

[reg373]

The economy was losing 500,000 jobs per month in 2008. Freefalling to collapse.

Now it's at least stabilized. U.S. GDP grew in each of the last 3 quarters, jobs are always lagging the numbers recovery in each recession -- a cool site; Balkingpoints ; incredible satellite view of earth

[PushyMonk]

Im the 1111 view

says it all  Rise up free souls ...

Do you realize how your name is spelled?\

On all "legal Documents" license. bank paperwork, mortgage, car registration, your birth certificate

Research " LEGAL FICTION "

Research " PERSON "

Learn your " CAPITAL LETTER SLAVE NAME is your " STRAWMAN"

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[mxrss]

@1911arthur Aurthur both clones on both sides of the aisle caused the collapse to say otherwise is intellectually dishonest. Clinton repelled Glass-Stegal at the end of his term. He had no reason to do it but still did it. The congress which compromises RED and BLUE all signed these laws. Also didn't bush warn about the subprime crises in 2003? But house dems and reps ignored the call to action?

[Kazuobot]

-Oh no!! Whatever are we going to do to help the stock market?!

-Hmmm, another stimulus bill would help!

-Oh......you mean like the last one that cost hundreds of billions of dollars?

-Why of course!! It wasn't big enough though. This one will be hundreds of TRILLIONS of dollars!! Then the economy will pick up for sure!

-But it doesn't make sense: spending to get even more back? It doesn't make sense to me.

-Well, um, hmm well I think it will work, so push forward!

[Rodrizona]

Maribel please pose nude so I can see your gorgeous and massive gooshy pillows before the economy crashes and choas takes over. Thank you.

[paulinotou]

@daedalx oooooh oooooooh i see them i found them. i'm a winner