(Bloomberg) -- Most U.S. stocks fell for the first
time in four days after confidence in the homebuilding industry
dropped to a 16-year low, renewing concern that the housing slump
isn't over.
Homebuilders Lennar Corp., Centex Corp. and Beazer Homes USA
Inc. slipped to the lowest since April. Wendy's International
Inc., the third-largest hamburger chain, retreated after the
company cut its earnings forecast. Transportation stocks declined
as oil rose to a nine-month high.
Read more at Bloomberg Stocks News
time in four days after confidence in the homebuilding industry
dropped to a 16-year low, renewing concern that the housing slump
isn't over.
Homebuilders Lennar Corp., Centex Corp. and Beazer Homes USA
Inc. slipped to the lowest since April. Wendy's International
Inc., the third-largest hamburger chain, retreated after the
company cut its earnings forecast. Transportation stocks declined
as oil rose to a nine-month high.
Read more at Bloomberg Stocks News
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