Monday, December 22nd4.7°C
24563
24105

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

24588


Recent Trending




Today's Market
S&P TSX14468.26+121.51
S&P CDNX676.54+11.04
DJIA17804.8026.65
Nasdaq4765.38+16.983
S&P 5002070.65+9.42
CDN Dollar0.8626+0.0009
Gold1197.90+2.00
Oil56.50+2.39
Lumber338.00-0.70
Natural Gas3.32-0.144

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.25-0.03
Cantex0.03-0.005
Anavex Life Sciences0.1726+0.0026
Metalex Ventures0.05-0.005
Russel Metals25.58-0.42
Copper Mountain Mining1.55-0.02
Colorado Resources0.120.00
ReliaBrand Inc0.011-0.0089
Sunrise Resources Ltd0.05-0.005
Mission Ready Services0.215-0.01

 
23744


23015

FEATURED Property
21594021112 Westpoint Drive
10091548 bedrooms
$299,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


My final thoughts on real estate

This will be the last column I write on real estate. Largely because at the end of the year I will be handing in my license. After 20+ years of working in land development, resort development and rea...


Reflecting on the end of the year

The importance of the end of the year and the Christmas holidays is profound. It is a time to reconnect with family and traditions that have made us who we are. But the year-end has always been a time...


Parenthood: Estates, insurance & taxes

It is now even more important to ensure your loved ones are well looked if anything should happen to you. Here are a few topics to consider helping you prepare for some of the unexpected events that c...

_



24586

24586


Member of BC Press Council


24333