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Stocks tumble but end off lows as White House seeks to calm fears of …

NEW YORK (AP) – Another steep drop in home sales has dashed some hopes that the housing market would start to show some improvement.

A real estate group’s report that sales of existing homes fell in January to the lowest level in nearly 12 years is fanning a drop in stocks led by financial companies.

The National Association of Realtors says sales of existing homes fell 5.3 percent to an annual rate of 4.49 million last month, from 4.74 million units in December.

The blue chips had been down about 85 ahead of the report.

Source: http://www.chicagotribune.com/business/sns-ap-wall-street,0,4187589.story


février 25, 2009 Posted by | actualités fr | , , , , , , , , , , | Laisser un commentaire