U.S. stocks fall slightly as Best Buy misses

11:41 am ET Jun 19, 2007

DJIA

13,595

-16.99

S&P

1,527

-3.09

NASDAQ

2,619

-7.58

10Yr

5.12%

-0.027

U.S. stocks fall slightly as Best Buy misses

NEW YORK
U.S. stocks were slightly lower Tuesday after broadly in-line housing
starts data failed to offset concerns about earnings after electronics
retailer Best Buy missed estimates and lowered its guidance.

Yahoo investors mixed on CEO change

NEW YORK
Investors had a mixed reaction Tuesday morning to high-level executive
changes at Yahoo, with the stock first gaining then losing ground in
early trading.

Home Depot selling contractors-supply unit for $10 bln: report

NEW YORK
Home Depot Inc. agreed to sell its contractor-supplies business to a
consortium of private equity companies for more than $10 billion, the
New York Times reported in its online edition on Tuesday.

Economic Report: U.S. housing starts fall in May to 1.47 million pace,
down 2.1%

WASHINGTON
Starts of new homes in the United States fell by 2.1% to a seasonally
adjusted annual pace of 1.47 million in May, as building permits for new
construction rose 3% to 1.50 million on a jump in multifamily dwellings,
the Commerce Department estimated Tuesday.