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.
The Dow jumped 337 points to close at 12103 as good news from Europe combined with a surprisingly strong report on US housing sent stocks soaring through their best day of the month
US deficit falls 11.6 percent in third quarter as exports rise. Although US deficit falls for the quarter, the annual current account deficit is expected to rise a modest 2 percent.
Stocks slid in late afternoon trading. The Dow lost 66 points Tuesday to close at 11954, after gaining as much as 126 points earlier. Stocks on the Nasdaq and S&P 500 also suffered losses.
Stocks calmed down after Monday's big declines. Stocks on the Dow gained 69 points by noon Tuesday.
US stocks were down near session lows in midday trading. The European Central Bank's announcement that it had no large-scale bond-buying plan undercut enthusiasm for US stocks.
The deal at the heart of the American economy is that employers pay their workers enough to buy what employers are selling. When we forget that–as we have over the last decade–the trouble starts.
The Dow lost 53 points to close at 11493 amid a downward revision of U.S. economic growth and renewed worries about Europe's debt crisis
In New Hampshire, President Obama seeks to revive sagging support in a state he won in 2008. Republican rival Mitt Romney plays offense, with his first TV ad stirring controversy.