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Mid-Session Stock Index Market Report
Wed 22 Feb 2012 11:42:02 CT
Related Keywords: Equity Index
Related Keywords: Equity Index
US equity markets trended lower throughout the morning hours, pressured by disappointing economic data in China and Europe, as well as concerns surrounding Greece's implementation of new austerity reforms. This morning's US economic data showed a somewhat positive January existing home sales report that rose to its best levels in one and a half years. Market participants were also encouraged by a further slide in US supply, which fell toward a new seven year low. However, shares of Toll Brothers were down nearly 5% this morning after the company reported a quarterly loss from fewer deliveries and a greater number of contract cancellations. A disappointing earnings report from Dell after yesterday's close, which forecasted revenue targets below expectations, pressured its shares down by more than 6% this morning.
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