Stocks fell on Wednesday as data showed new home sales dropped to a record low in May and investors were cautious before Federal Reserve comments on the economy. The S&P home builders ETF fell to its lowest in more than four months after release of the housing data before reversing the losses. The phase-out of a popular tax credit contributed to the 32 percent drop in sales.
Wall Street falls on home sales, Fed on tap
Most Popular Articles
Latest Articles
Douglas Elliman settles the commission lawsuits
The firm will pay an initial amount of $7.75 million into the settlement fund, with the possibility of another $10 million in the coming years