Wall St gloomy on homes sales
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Wall Street stocks were set for a lower start on Monday, as markets awaited a report expected to show sales of existing homes dropped last month to their slowest pace in five years.
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Stocks opened lower on Monday on the last day of 2007, with investors jittery ahead of existing home sales data.
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US stocks fell sharply on Tuesday, hurt by retail and housing sector earnings warnings. Financials were roiled by more bad news from the subprime mortgage market.
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Investors sold stocks slightly lower Monday in very light trading as Wall Street wrestled with respectable but uninspiring holiday sales reports and waited to see the extent of the damage due to the earthquake and tidal waves in Asia.
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Wall Street pulled back sharply Tuesday as investors dealt with disappointing earnings reports and rising concerns about the mortgage market.
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London equities tracked Wall Street sharply lower on Tuesday as growing concerns about the health of the US subprime lending sector harried the financials sector and resurrected fears of a wider slowdown.
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Stocks headed for a lower open today amid renewed concerns that soured subprime loans will wreak financial havoc and upend the recent run-up on Wall Street.
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Wall Street shares were mixed on Wednesday as confidence wobbled after housing starts hit a 14-year low, but technology stocks continued to attract buyers.
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Stocks fell on Friday, giving Wall Street its worst week in more than four years, as a diminishing appetite for riskier assets fueled a further rout in global equity markets.
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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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U.S. stocks opened lower on Friday as   a warning from KB Home KBH.N about tough conditions in the   housing market increased concerns about weakening economic   growth.
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Stocks ended little changed on Friday as weak new home sales data reinforced concerns that the housing and mortgage markets may be far from a recovery, offsetting gains in the energy sector.
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U.S. stocks fell on Monday, sending the Nasdaq Composite index down more than 1 percent, amid rising concerns about the subprime mortgage lending market and the diminishing appetite for risk in the latest leg of the global equity sell-off.
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Stocks fell further on Friday, putting Wall Street on course for its worst week in more than four years, as investors worried that a diminishing appetite for riskier assets after this week's market rout will drive stocks down even more.
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U.S. stock index futures fell on Friday, signaling a weaker market open, after data showed housing starts fell more than expected in January.
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Stocks slipped on Monday as concern about the impact of the housing slump and credit squeeze hurt shares of financial companies.
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U.S. stocks fell on Wednesday, with investors uncertain that equities could avert further losses amid lingering concerns about economic growth and fallout from a slowing housing market.