U.S. stocks see-saw between gains and loses in light trade

Date: Tue, 23 Dec 2008 12:01:15 -0500
U.S. stocks see-saw between gains and loses in light trade

U.S. stocks tilt higher after the government reported an as-expected
drop in gross domestic product for the third quarter and as investors
pored over data on the troubled housing market.

ECONOMIC REPORT: U.S. DATA SHOW SALES OF NEW HOMES AT LOWEST LEVEL IN 17 YEARS

Sales of new homes in the U.S. decline to their lowest level in more
than 17 years during November, falling 2.9% to a seasonally adjusted
annual rate of 407,000, according to the Commerce Department.

ECONOMIC REPORT: U.S. NOV. EXISTING HOME FALL 8.6%; HOME-PRICE DROP A RECORD

Resales of U.S. single-family homes and condos fell 8.6% in November
to a seasonally adjusted annual rate of 4.49 million, the National
Association of Realtors reported Tuesday, even as home prices fell at
the fastest annual pace on record.

ECONOMIC REPORT: CONSUMER SENTIMENT IMPROVES IN DEC. AS PRICES FALL

A closely watched index of consumer attitudes
improved in December, data showed Tuesday, rebounding from
multi-decades lows as falling prices took some of the edge off job
losses.