Skip to main content

US stocks fall at midday on cooling home sales

By WTOP Staff

NEW YORK (AP) — U.S. stocks are slightly lower in midday trading after a report of sluggish sales in the housing market.

The Standard & Poor’s 500 index was down three points, or 0.2 percent, to 1,974 as of 12 p.m. Eastern time on Monday. The Dow Jones industrial average lost 28 points, 0.2 percent, to 16,932. The Nasdaq dropped 17 points, or 0.4 percent, to 4,432.

Fewer Americans signed contracts to buy homes in June amid meager wage growth and higher prices. Homebuilder D.R. Horton fell 3 percent, making it one of the biggest decliners in the S&P 500.

Family Dollar soared 23 percent after Dollar Tree announced plans to buy the rival discount store. Last month, Carl Icahn, who has built up a stake in the company, urged Family Dollar to sell itself.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Emergency guide: What you should do to prepare for emergencies

By WTOP Staff
WASHINGTON — Do you know what you'd do if an emergency hits? What if you're at work, your spouse is stuck in traffic and your children are in school? There's no way to plan for every emergency, but you can make sure you're prepared for different scenarios, including making a plan for your family and building a kit of emergency supplies.
Read Next Story

Related News

Victor Price walks over 100 miles for the military

Wines for pockets pinched from the holidays; new brands from Scott’s friends

Column: The Olympics aren’t coming to D.C. – Rejoice