Reuters - Projections for S&P 500 companies’
fourth-quarter earnings swung to a 6.1 percent drop on Monday
from an 11.5 percent rise on October 1, in the biggest
quarterly move since Reuters Estimates started compiling
analysts’ forecasts in 1999.
Reuters - Stocks added to losses on Monday, with
the Nasdaq briefly falling more than 1 percent, hit by losses
in large technology companies, including Microsoft Corp.
, in the last trading session of the year.
AP - Sales of previously owned homes inched up in November but that didn’t change the overall bleak picture for an ailing housing industry that has been suffering through a painful slump.
Reuters - The pace of existing U.S. home sales
edged up in November to a 5 million-unit annual rate and the
median price fell from a year earlier, the National Association
of Realtors said on Monday.
Reuters - Stocks declined on Monday, hit by
profit-taking in large technology companies, including
Microsoft Corp. , in the last trading session of the
year.