Monday, September 1st8.7°C
22817
22438

US stocks drift lower in midday trading; Homebuilders sink on weak confidence survey

NEW YORK, N.Y. - U.S. stocks are moving lower in midday trading, giving up an early gain.

Beazer Homes, Ryland Group and other homebuilder stocks fell after a survey showed that the industry's confidence in the housing market remains low.

Coca-Cola rose after reporting higher sales of non-carbonated beverages. Johnson & Johnson rose 2 per cent after reporting higher profits.

The Standard & Poor's 500 index fell six points, or 0.4 per cent, to 1,824 as of noon (1600 GMT).

The Dow Jones industrial average shed 54 points, or 0.3 per cent, to 16,119. The Nasdaq composite dropped 46 points, or 1.2 per cent, to 3,977.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.61 per cent.

The Canadian Press


Read more Business News

22364


Recent Trending




Today's Market
S&P TSX15625.73+67.561
S&P CDNX1023.991.62
DJIA17098.4518.88
Nasdaq4580.271+22.577
S&P 5002003.37+6.63
CDN Dollar0.9208+0.0014
Gold1281.70-2.1001
Oil95.96+1.29
Lumber349.60+2.60
Natural Gas3.965+0.054

 
Okanagan Companies
Pacific Safety0.20+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.190.00
Cantex0.08+0.01
Anavex Life Sciences0.25+0.01
Metalex Ventures0.0750.00
Russel Metals36.48+0.09
Copper Mountain Mining2.93+0.02
Colorado Resources0.180.00
ReliaBrand Inc0.10+0.001
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.245-0.005

 



22689

FEATURED Property
20256471519 Longley Crescent
5 bedrooms 4 baths
$569,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


At the Core: Lessons in pricing from Apple

Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....


New Real Estate Brokerage in town

Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...


How much mortgage should you carry?

There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...

_








Member of BC Press Council


22810