Dow tallies fifth straight loss as autos, GDP weigh
U.S. stocks decline for a second session this week as worries
intensify that federal funds might not salvage the auto industry, and
economic reports
illustrate the economy's decline and ongoing trouble in the housing market.
DETAILS OF OBAMA'S STIMULUS STILL BEING NEGOTIATED: BIDEN
Barack Obama's transition team is still negotiating the nuts and bolts of its
economic-stimulus plan with Congress, but no deal has been reached, Vice
President-elect Joseph Biden says.
THE TECHNICAL INDICATOR: CLOSING OUT THE HISTORIC 2008 MARKET CRASH
ECONOMIC REPORT: U.S. DATA SHOW SALES OF NEW HOMES AT LOWEST LEVEL IN 17 YEARS
Sales of new homes in the U.S. decline to their lowest level in more
than 17 years during November, falling 2.9% to a seasonally adjusted
annual rate of
407,000, according to the Commerce Department.
ECONOMIC REPORT: U.S. NOV. EXISTING-HOME SALES FALL 8.6%; HOME-PRICE
DROP A RECORD
Resales of U.S. single-family homes and condos fell 8.6% in November to a
seasonally adjusted annual rate of 4.49 million, the National Association of
Realtors reported Tuesday, even as home prices fell at the fastest annual pace
on record.
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