(Reuters) - WASHINGTON, July 26 - Sales of new U.S. homes
dropped more than expected in June, while orders for
long-lasting U.S.-made goods were weaker than analysts thought,
according to reports on Thursday that raised fresh concerns
about economy.
Major U.S. stock indexes slid more than 1.5 percent by late
morning, causing the New York Stock Exchange to impose curbs on
computer program trading. U.S. government debt prices rose in a
flight to quality, as investors continued to be worried about
riskier assets, such as securities backed by subprime mortgages
and stocks.
Read more at Reuters.com Economic News
dropped more than expected in June, while orders for
long-lasting U.S.-made goods were weaker than analysts thought,
according to reports on Thursday that raised fresh concerns
about economy.
Major U.S. stock indexes slid more than 1.5 percent by late
morning, causing the New York Stock Exchange to impose curbs on
computer program trading. U.S. government debt prices rose in a
flight to quality, as investors continued to be worried about
riskier assets, such as securities backed by subprime mortgages
and stocks.
Read more at Reuters.com Economic News
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