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Stocks plunge as housing data spooks investors
U S stocks fell sharply as housing data and jobless claims soured, with the Dow down about 283 points to 11349. Major decliners included General Motors and Pulte Homes as investors priced in weaker economy and higher mortgage rates. The Nasdaq slipped to 2280 as traders watched mortgage and consumer confidence trends.
MENTIONED IN THIS ARTICLE
New York
U.S
Kevin Giddis
Morgan Keegan & Co
General Motors Corp
Paul Nolte
Hinsdale Associates
New York Mercantile Exchange
New York Stock Exchange
National Association of Realtors
Pulte Homes Inc
Ryland Group Inc
Mike Larson
Weiss Research
Freddie Mac
Treasury
Capitol Hill
Timothy Geithner
Federal Reserve Bank of New York