Tuesday, June 19, 2007

U.S. Stocks Retreat on Drop in Housing Starts; Lennar, Best Buy Decline

(Bloomberg) -- U.S. stocks fell a second day after
housing starts dropped in May, stoking concern the real-estate
slump will continue to weigh on economic growth.

NVR Inc., Centex Corp. and Hovnanian Enterprise Inc. led
declines in homebuilders. Best Buy Co., the biggest consumer
electronics chain, slid after reporting earnings that trailed
analyst estimates.


Read more at Bloomberg Stocks News

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