Thursday, July 26, 2007

New home sales fall, durable goods orders weak

(Reuters) - Major U.S. stock indexes ended down more than two percent on signs of further deterioration in the U.S. housing market, a jump in oil prices and a worsening climate for financing corporate takeovers. That caused the New York Stock Exchange to impose curbs on computer program trading.




The Dow Jones Industrial Average closed down 311 points and the Standard & Poor's 500 Index closed down 35 points.


Read more at Reuters.com Business News

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