Wall Street opened Monday session in the negative ahead of existing-home sales report, expected to show continuous slow-down in the housing market. Dow member Home Depot agreed to sell off its wholesale-supply unit for $8.5 billion, which is $1.8 billion less than previously planned, signaling a harsh financing climate. The stock rose 1.8%. Another blue-chip stock, Altria Group, climbed 2% amid speculations that it is considering spinning off the overseas division of its cigarette business. |
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