That NAHB housing-market index dropped to 46 this month, missing expectations.The Dow and S&P 500 are staying in negative territory after the report.This is a gauge of confidence among home builders which plunged in February, dropping to the lowest level in nine months, led by weaker views on present sales of single-family homes.
The latest reading for the Empire State index missed expectations.Manufacturing activity in the New York region gave up most of the strong gains made during the prior month although it remained in positive territory
Coca-Cola was last down 3.5% for the worst performance among Dow components.The soft drinks giant said it’s looking for ways to “restore momentum” as it posted lower fourth-quarter results that concluded a challenging year.
The latest reading for the Empire State index missed expectations.Manufacturing activity in the New York region gave up most of the strong gains made during the prior month although it remained in positive territory
Coca-Cola was last down 3.5% for the worst performance among Dow components.The soft drinks giant said it’s looking for ways to “restore momentum” as it posted lower fourth-quarter results that concluded a challenging year.