Archive for May, 2009
Housing-Starts Data Keep Lid on Stocks (at The Wall Street Journal Online)
Housing slowdown spooks stocks (at Atlanta Journal Constitution)
Retailer cautious despite profit (at Atlanta Journal Constitution)
[$$] Home Depot Wary as Sales Fall (at The Wall Street Journal Online)
Currencies: Dollar pares losses after housing starts plunge (at MarketWatch)
Retailer cautious despite profit (at Atlanta Journal Constitution)
[$$] Home Depot Wary as Sales Fall (at The Wall Street Journal Online)
Currencies: Dollar pares losses after housing starts plunge (at MarketWatch)
Currencies: Dollar pares losses after housing starts plunge (at MarketWatch)
The dollar declines against major counterparts after a report from the U.S. Commerce Department says new construction of houses fell to a record low in April, but still contains enough hopeful details to dull the greenbacks safe-haven appeal.
UPDATE: Housing Market Bottom (at CNBC)
Business Highlights (AP)
President Barack Obama is asking consumers to put their money — up to $1,300 per new vehicle by 2016 — behind his plan for higher efficiency standards for cars and trucks and tougher rules on their greenhouse gas emissions.
[video] 05/19/09: Housing News Saps Markets [1.2 min] (at MarketWatch)
The housing picture took over investor attention, as new data showed a decline in housing starts for April. The Dow slipped, despite Home Depot’s better-than-expected profit report, Peter McKay reports.
How the major stock indexes fared Tuesday (AP)
Home Depot shares fall, despite 1Q profit beat (AP)
The Home Depot Inc. posted a 44 percent increase in its first-quarter profit on Tuesday, but didn’t live up to the market’s high expectations a day after rival Lowe’s Cos. Inc. boosted its full-year outlook.