U.S. stocks fall for second day on financial, economic concerns

Date: Tue, 19 Aug 2008 12:03:11 -0400
U.S. stocks fall for second day on financial, economic concerns

Stocks continue previous session's slide on worries about ailing
financial firms, while concerns about the economy are fueled by weak
housing data, rising wholesale prices, and falling sales and profits at
several retailers.

Economic Report: Single-family housing permits fall to 26-year low in
July

U.S. home builders sharply reduce the number of new homes started in
July and drop the number of new single-family permits to the lowest
level in 26 years.

Housing downturn hurts Home Depot's profit

Home Depot, the world's largest home-improvement retailer, sticks to its
guidance for the year, even as second-quarter profit falls 24%.