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Barchart
Barchart
Rich Asplund

Stocks Fall Back on Weak US Housing News

The S&P 500 Index ($SPX) (SPY) today is down -0.18%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.12%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.25%.

US stocks today are modestly lower. Weak US housing news is weighing on stocks after US July housing starts and building permits fell more than expected to 4-year lows.  Also, negative corporate news is weighing on stocks, with Applied Materials down more than -4% to lead chip stock lower after a disappointing Q4 sales forecast and Amcor Plc down more than -5% after reporting weaker-than-expected Q4 net sales.

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