While you were sleeping US housing, IMF warning

Wed, 19 Feb 2014

By Margreet Dietz Feb 20 (BusinessDesk) – Wall Street fell, erasing earlier gains, amid signs of weakness in the US housing industry and a warning from the International Monetary Fund about the risks to the pace of the global economic recovery. In afternoon trading in New York, the Dow Jones Industrial Average fell 0.24 percent, the Standard & Poor’s 500 Index shed 0.26 percent, while the Nasdaq Composite Index dropped 0.50 percent. Declines in shares of Home Depot, last down 1.3 percent, and those of Wal-Mart, last 1 percent weaker, led the...

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