Midday Report: U.S. stocks lower as subprime woes resurface

11:41 am ET Mar 27, 2007

DJIA

12,394

-74.58

S&P

1,428

-9.25

NASDAQ

2,439

-16.01

10Yr

4.61%

+0.022

U.S. stocks lower as subprime woes resurface

NEW YORK
U.S. stocks were lower on Tuesday, after homebuilder Lennar Corp.
scrapped its 2007 earnings guidance and warned that the distress in the
subprime mortgage market is hurting it.

Economic Report: Consumer confidence falls for first time in five
months

WASHINGTON
Shaken by a steady rise in gasoline prices and a weaker stock market,
U.S. consumers' confidence dropped in March for the first time in five
months, the Conference Board reported Tuesday.