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U.S. Stocks Drop on Unexpected Decline in Home Sales 

By: capt_nemo in ROUND | Recommend this post (2)
Wed, 21 Mar 12 7:10 PM | 102 view(s)
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Why is everything Unexpected or a surprise??? Anyone with a half of brain, and trys just a little to get the truth, is not unexpected or surprised in this eCONomy............


By Rita Nazareth - Mar 21, 2012 7:44 AM PT
U.S. stocks fell, following yesterday’s drop in the Standard & Poor’s 500 Index, as sales of previously owned houses unexpectedly fell in February.

Baker Hughes Inc. (BHI) slumped 3.8 percent after saying that a shift away from gas rigs will hurt earnings. Oracle Corp. (ORCL) advanced 1.1 percent after profits beat analysts’ projections. Hartford Financial Services Group Inc. (HIG) climbed 4.3 percent on plans to wind down its individual annuities business and seek a buyer for parts of its life unit. LinkedIn Corp. (LNKD) advanced 7.9 percent as Goldman Sachs Group Inc. raised its recommendation for the professional-networking website.

http://www.bloomberg.com/news/2012-03-21/u-s-stock-futures-climb-before-existing-house-sales-data.html




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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