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Dow Languishes as Abysmal Housing Data Threatens Market Recovery

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By CCN: The Dow and broader U.S. stock market traded mixed on Monday, as disappointing housing data threw cold water on hopes that the real estate sector was finally turning a corner after last year’s slowdown. Dow Struggles; S&P 500 Finishes Slightly Higher After losing as much as 101 points, the Dow Jones Industrial Average pared losses to settle down 48.49 points, or 0.2%, at 26,511.05. The broad S&P 500 Index of large-cap stocks reversed losses to finish 0.1% higher at 2,907.97. Energy stocks surged more than 2% as oil prices extended their rally. Real estate, the S&P 500’s smallest

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* First published on ccn.com

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