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Member Since: 9/2008Last Seen: 11/12/2009

Housing data to impact stocks opening

Read ArticleArticle Source: The Washington Times
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NEW YORK (AP) • Wall Street was headed for a sharply lower open Friday after Thursday's strong finish, as nervous investors anticipated gloomy readings on the sagging housing market and consumer sentiment.

The Commerce Department is expected to report at 8:30 a.m. Eastern time that new home construction dropped in September to an annual rate of 880,000 units, according to Wall Street economists surveyed by Thomson/IFR.

Later, at 10 a.m., the University of Michigan is anticipated to report that consumer sentiment is declining in the month of October.

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{"commentId":3547802,"authorDomain":"travelbizcash"}

Republicans...OUT!

They have ruined this country and in 3 weeks hopefully they will be voted out in protest!

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    Reply#1 - Fri Oct 17, 2008 9:50 AM EDT
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