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.
Read more Business News
- BC chief's pay, expenses: $1MBC
- Highway 3 closed due to crashPenticton / S. Okanagan - 8:16 am
- Swimmer's body foundVernon / N. Okanagan
- Body & truck pulled from riverVernon / N. Okanagan
|QHR Technologies Inc||1.17||-0.04|
|Anavex Life Sciences||0.25||-0.012|
|Copper Mountain Mining||2.66||-0.09|
|Sunrise Resources Ltd||0.03||-0.005|
|Mission Ready Services||0.155||+0.005|
On March 6, 2010 a bridge in Turku, Finland bent 56 inches (143 centimeters) due to structural failures of both piers. No one was injured. The bridge had to be demolished 4 months later. Our infrast...
Eighty percent of our success in learning from other people is based on how well we listen. Other people’s experience can be enormously helpful. With it we can often overcome time restraints and...
Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...