(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
forecast, according to reports on Thursday that raised fresh
concerns about the economy.
Major U.S. stock indexes slid more than two percent in
afternoon trade on signs of further deterioration in the U.S.
housing market, a jump in oil prices and a worsening climate
for financing corporate takeovers. That caused the New York
Stock Exchange to impose curbs on computer program trading.
Read more at Reuters.com Bonds News
dropped more than expected in June, while orders for
long-lasting U.S.-made goods were weaker than analysts
forecast, according to reports on Thursday that raised fresh
concerns about the economy.
Major U.S. stock indexes slid more than two percent in
afternoon trade on signs of further deterioration in the U.S.
housing market, a jump in oil prices and a worsening climate
for financing corporate takeovers. That caused the New York
Stock Exchange to impose curbs on computer program trading.
Read more at Reuters.com Bonds News
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