Monday, March 26, 2007

Stocks Slip on Housing Data

Stocks Slip on Disappointing Data

Wall Street slid Monday after an unexpected drop in new home sales for February triggered further concern that economic growth is slowing more than expected.

Home sales unexpectedly drop sharply.  This clouded the chances of a rebound in the housing sector.  Could be a sign of coming slow-down?  Hmmm....

technorati tags:, ,

No comments: