Word Count: 557 | Companies Featured in This Article: Pulte Homes, Lennar, Centex, SPDR S&P Homebuilders Exchange-Traded Fund, Chipotle Mexican Grill, RadioShack, General Electric, Ford Motor, AutoNation, Teradyne, Benchmark Electronics Small-capitalization stocks gave back their gains from the previous session Thursday as the market was weighed down by data indicating a drop in home sales, as well as a report suggesting that unemployment is on the rise. A report from the National Association of Realtors showed that sales of existing homes fell again in June while the median home price dropped 6.1% from the previous year, both larger declines than analysts had anticipated. Adding to the grim data was the Labor Department reporting a greater-than-expected rise in workers filing for unemployment benefits for the week ended July...
[read full story]
Your Web Site
