rain
Tuesday May 26th, 2015 3:42AM

Stocks slide as new home sales fall

By The Associated Press
NEW YORK - Signs of a weaker housing market and a gloomier outlook on the economy are giving investors more reasons to dump stocks.

Stocks have fallen sharply Wednesday after the government said new home sales dropped 3.6 percent in September.

Goldman Sachs added to investors' unease by reducing its expectation for the nation's economic output. The government's report on gross domestic product for the third quarter is due Thursday.

The Dow Jones industrial average is down 119 at 9,763. The Standard & Poor's 500 index is down 21 at 1,043. And the Nasdaq composite index has fallen 56 to 2,060.

Nine stocks fell for every one that rose on the New York Stock Exchange. Volume came to 1.6 billion shares compared with 1.4 billion Tuesday.

(Copyright 2009 by The Associated Press. All Rights Reserved.)
  • Associated Categories: Business News
© Copyright 2015 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Treasury winds down bank bailouts with $29M outlay
The Treasury Department said Thursday it has pumped $29.3 million into 10 banks, which will be the last to receive investments as part of the taxpayer-funded program to shore up the financial system.
2:25PM ( 5 years ago )
Pilgrim's Pride pays $4.5M to end immigrant probe
The U.S. Attorney's Office says it will not prosecute Pilgrim's Pride Corp. for immigration violations and has dropped an investigation into workers at the chicken producer's plants.
12:59PM ( 5 years ago )
Jobless claims fall unexpectedly as layoffs ease
The number of newly laid-off workers filing claims for unemployment benefits dropped unexpectedly last week, a sign the job market is healing as the economy slowly recovers.

9:31AM ( 5 years ago )
Business News
Charter nears deal for Time Warner Cable
Charter Communications Inc. is close to buying Time Warner Cable for about $55 billion, according to two people familiar with the negotiations.
9:45PM ( 5 hours ago )
UNG plans to occupy top floor of Cumming City Hall
Due to program and enrollment growth at its Cumming Campus, the University of North Georgia plans to lease the top floor of the Cumming City Hall for its Master of Business Administration and continuing education and professional development programs, that according to Associate Vice President of University Relations Kate Maine.
By Submitted
6:16PM ( 4 days ago )
Flowery Branch moves forward with downtown redevelopment
The Flowery Branch City Council has given approval to start the pre-design work on a redesign of the city's downtown area.
7:38PM ( 6 days ago )
Hall Co. fire services promotes first female Chief Officer
Hall County Fire Services has promoted Captain Christie Grice to Battilion Chief of Business Services, the first promotion of a female to a Chief Officer position in the department's history.
6:24PM ( 6 days ago )
Hall Sheriff discusses law enforcement in South Hall, nation
With two-thirds of Hall County’s population living south of Oakwood (according to the Greater Hall Chamber of Commerce) the South Hall Business Coalition wanted to hear from Sheriff Gerald Couch and tour the new Sheriff’s Office headquarters building that opened in their part of the county in November 2014.
11:44AM ( 6 days ago )