Author: 123jump.com Staff
123jump.com
Last Update: 11:26 AM EST January 08 2008
U.S. stocks fell after nearly two hours of trading on a weakness in housing market and worries related to economic slowdown. An index of pending home sales declined 19% from a year ago according to the Natioanl Association of Realtors. Bear Stearns and Starbucks replaced their chief executives. Oil and gold surged nearly 2% lifting the stocks in the energy and metals sectors. KB Home reported a sharply higher quarterly loss.
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