Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
U.S. stocks swing as housing construction tumbles
+ -
07:59, May 20, 2009

 Related News
 U.S. stocks surge on housing data, banks
 Financials, retail lead rebound of U.S. stocks
 U.S. stocks sink on weak retail report
 U.S. stocks end mixed on dilution, profit-taking
 Financials lead U.S. stocks lower
 Comment  Tell A Friend
 Print Format  Save Article
Wall Street swung on Tuesday as housing construction plunging to a record low in April overshadowed better-than-expected earnings from Home Depot.

The U.S. Commerce Department said construction of new homes and apartments fell 12.8 percent last month to a seasonally adjusted annual rate of 458,000 units, the lowest pace on records going back a half-century. Economists had expected home construction to post a modest increase in April.

Home Depot Inc., the U.S. largest home improvement retailer, declined even after the company said its fiscal first-quarter profit climbed 44 percent on fewer charges.

Financial shares fell as the U.S. Senate passed a bill to curb sudden credit card interest rate increases and hidden fees. Shares of American Express fell 5.1 percent to 24.79 U.S. dollars while JPMorgan Chase & Co was down 3.9 percent to 36.81 dollars.

The Dow Jones industrial average was down 29.23 points, or 0.34percent, to 8,474.85. The Standard & Poor's 500 index was down 1.58 points, or 0.17 percent, to 908.13. The Nasdaq composite index was up 2.18 points, or 0.13 percent, to 1,734.54.

Source: Xinhua



  Your Message:   Most Commented:
Tamil protesters block major freeway in downtown Toronto
Jackie Chan's 'freedom' talk sparks debate
Congress wins election in India
Official fined for underage sex
Bias or information gap

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90778/90858/90864/6661265.pdf