Market slips as housing worries weigh
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U.S. stocks edged lower on Friday as weaker-than-expected data on new home sales reinforced worries about the housing and mortgage markets.
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Shares on Wall Street looked set for  a weaker start on Wednesday as concerns about the U.S. subprime  mortgage market resurfaced ahead of U.S. housing and key  inflation data and a slew of corporate earnings.
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The Dow industrial average turned lower, while the S&P 500 and the Nasdaq were little changed as concerns about fallout from the housing slump cut short an earlier bounce.
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Stocks slipped on Monday, reversing an  early rally, after disappointing U.S. employment data rekindled  investor worries about weak economic growth and lackluster  corporate profits.
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Stock futures slipped on Tuesday, as investors were cautious ahead of key U.S. housing data that may shed light on the troubled housing market.
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Stocks extended losses on Wednesday as a report pointing to a worsening housing market added to concerns about weakness in employment and the outlook for economic growth and profits.
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Stocks fell on Monday as data pointing to further trouble in the housing sector fueled concerns about the outlook for the economy and corporate profits.
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Sales of existing U.S. homes slipped  in May, another sign of a gradually cooling housing market as  mortgage rates rise, while consumer confidence rose slightly in  June, according to reports on Tuesday.
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Stocks slipped on Wednesday following a negative assessment of the housing market from a large home builder and a Federal Reserve report indicated some U.S. regions were seeing slowing economic growth.
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U.S. stocks fell on Friday, as banks and brokers retreated on concerns about the impact of tightening credit on takeovers and the subprime mortgage industry.
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Stocks slipped on Wednesday after a private report showed U.S. home prices tumbled in October and retailer Target cut its December sales view.
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Stocks tumbled on Monday on concerns that a persistent housing slump, combined with surging prices, posed the threat of 1970s-style stagflation.
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U.S. stocks fell for a second day on   Thursday as fears over inflation and higher interest rates,   combined with signs of further weakness in the housing market,   dampened demand for equities.
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Troubles with subprime mortgages cast a shadow over the stock market last week as investors worried about a potential growth in losses on loans to risky borrowers. Still, stocks managed to eke out small gains.
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Business & money: House prices have dropped for the first time in two years, adding to worries of unstable market.
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Stocks slipped on Thursday as worries about rising bond yields overshadowed strong economic data and news of a $20 billion buyout of Hilton Hotels Corp.
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U.S. stocks slid on Thursday as worries about bad mortgage debts hit bank shares and a warning from home builder Toll Brothers Inc.  reignited concern about weakness in the housing market.