Wall St falls on poor homes sales
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Wall Street stocks finished the trading session lower on Monday after a report said sales of existing homes in the US had dropped in July for a fifth consecutive month.
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Stocks closed lower on Wednesday, after reports showed a deepening housing slump spreading into the job market and slowing consumer spending.
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Sales of new homes, plunging to their lowest level in more than 12 years, were weaker than forecast last month - leaving the market glutted with unsold homes and pointing to more trouble ahead for the battered housing market.
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NEW YORK -- U.S. home prices fell 3.2 percent in the second quarter, the steepest rate of decline since Standard & Poor's began its nationwide housing index in 1987, the group said Tuesday.
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Stocks fell on Thursday as signs of   housing-market weakness and worries about the outlook for   interest rates made investors uneasy about prospects for   consumer spending and corporate profits.
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Wall Street stocks fell in midday trade on Wednesday as pending home sales fell to their lowest level since September 2001 and the defensive mood was reinforced by a lower estimate of private-sector job creation in August.
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Global stocks tumbled on Wednesday as fears about the impact of U.S. home owners falling behind with mortgage payments hit financial shares, prompting money to flow into safe-haven government bonds.
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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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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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NEW YORK Stocks were mostly lower Thursday on Wall Street, after data showing a slowdown in economic growth and a rise in oil prices renewed fears of disappointing third-quarter earnings.
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U.S. stocks tumbled on Tuesday, driving the Dow Jones industrial average down in its worst slide since the aftermath of the September 11 attacks, as a sell-off in China's stock market raised concerns that equity valuations may be too high.
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Leading shares closed lower as Wall Street remained weaker after investors received mixed news on US housing data, with Tesco remaining down in the blue chips following disappointing first-quarter UK sales growth.
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Stocks fell moderately in early trading following news that sales of existing homes fell in July for a fifth straight month and that inventories of unsold homes spiked.
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Wall Street fell after a weak manufacturing report raised investor concerns of a further economic slowdown.
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Wall Street was set for a weaker start on Wednesday, taking a cue from an uptick in crude oil prices, while investors will also watch out for home sales data.
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Stocks dropped on Tuesday, pushing the Dow down more than 200 points in its second-biggest sell-off of the year, as mounting losses in the subprime mortgage sector dragged down shares of companies with any exposure to the U.S. housing market.
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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.