U.S. stocks slide further after drop in home sales

11:51 am ET Sep 5, 2007

DJIA

13,267

-181.52

S&P

1,469

-20.25

NASDAQ

2,607

-22.83

10Yr

4.47%

-0.087

U.S. stocks slide further after drop in home sales

NEW YORK
U.S. stocks furthered early declines Wednesday after an index of
existing home sales fell to September 2001 levels and a separate gauge
of employment prompted downward revisions ahead of the government's
nonfarm payrolls report for August.

July pending home sales index falls 12.2%, Realtors report

WASHINGTON
The U.S. housing market showed signs of major disruption in July, with a
12.2% monthly decline in contract signings on existing homes -- the
largest drop since the pending homes sales index started in 2001, the
National Association of Realtors reported Wednesday.

Hawk's wariness hints at rate pause for ECB on Thursday

LONDON
The Deutsche mark no longer exists, but the Bundesbank does, and its
president made the most explosive if not most publicized comment at the
recent gathering of central bankers in Jackson Hole, Wyoming.

Mattel's shares off 4% after third recall of China-made toys

NEW YORK
Shares of Mattel Inc. fell in Wednesday morning trading after the
world's largest toymaker announced its third significant recall of toys
made in China in just over a month, this time involving its flagship
Barbie brand.

The Ratings Game: Long-term metals prices to keep pace with costs,
Merrill says

LONDON
Merrill Lynch on Wednesday upgraded long-term price forecasts for a
range of industrial metals and related commodities, citing rising
capital-spending and structural costs due primarily to China's
continuing ravenous appetite for these materials.