U.S. stocks fell for a third straight session after housing data and a slashed forecast from Hewlett-Packard Co. added to fears of further economic weakness, but shares ended off the day’s lows, helped by recent strength in earnings. Weak housing data sends stocks tumbling. The Dow Jones Industrial Average closed down 68.79 points, or 0.6%, at 12,479.58, after losing almost 170 points.
May 18, 2011
U.S. stocks fall on economic worries
U.S. stocks fell for a third straight session after housing data and a slashed forecast from Hewlett-Packard Co. added to fears of further economic weakness, but shares ended off the day’s lows, helped by recent strength in earnings. Weak housing data sends stocks tumbling. The Dow Jones Industrial Average closed down 68.79 points, or 0.6%, at 12,479.58, after losing almost 170 points.
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