Stocks turn lower on bleak housing, consumer data

11:41 am ET Apr 24, 2007

DJIA

12,936

+16.82

S&P

1,478

-2.47

NASDAQ

2,519

-4.47

10Yr

4.62%

-0.026

Stocks turn lower on bleak housing, consumer data

NEW YORK
U.S. stocks turned lower on Tuesday, with the Dow Jones Industrial
Average stumbling on the way towards the 13,000 level, after news that
existing home sales saw their worst drop in 18 years in March, while
consumer confidence edged further down in April.

Economic Report: Existing-home sales plunge 8.4% in March

WASHINGTON
Sales of existing homes plunged at the fastest pace in 18 years in
March, falling to the lowest sales pace in nearly four years, the
National Association of Realtors reported Tuesday.

New York Times chairman defends structure and strategy

NEW YORK
New York Times Chairman and Publisher Arthur Sulzberger Jr. defended the
company's dual-class stock structure on Tuesday and said the board is
committed to increasing long-term value for shareholders.

Toyota overtakes General Motors in worldwide quarterly sales

SAN FRANCISCO
Toyota Motor said Tuesday it sold 9% more vehicles in the first quarter
than a year ago, giving the Japanese giant the title of world's top
automaker as its sales surpassed General Motors' for the first time.