Tuesday, November 08, 2005

Real estate hurts stocks

Real estate hurts stocks?-?Business?-?The Washington Times, America's Newspaper: "A negative sales forecast from home builder Toll Brothers Inc. yesterday sent stocks falling after four sessions of gains.
A softening in the real estate market, which had helped fuel economic growth for more than two years, could mean weaker consumer spending and a slowdown in the economy. Also fueling investors' fears were disappointing forecastsfrom auto-parts maker Visteon Corp.
Despite Wall Street's two-week upswing, the news illustrated the problems that still face the economy and the stock market. Yet, even amid the market's lingering worries, investors' expectations of a year-end rally kept the day's losses limited. "
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