New home sales in 2011 could be the worst ever, despite a rise in November. Last month saw a 1.6 percent increase in new home sales, far less than what economist had hoped for.
Record low mortgage rates push the average 30-year loan to 3.91 percent. But can these record low mortgage rates last?
The Dow lost 200 points to close at 11766. Bank of America plunged 4 percent; other big banks also faltered.
The Dow rose 180 points to 11577 during another day of wild swings for the stock market
Annual PPI – a gauge of wholesale prices – rises to 6.9 percent. But without energy and food, core annual PPI up only 2.5 percent.
Stock market falls on technology slump. Nasdaq leads stock market lower with lowest close in nearly a month.