Tuesday, May 15, 2007

Most U.S. Stocks Fall After Home Depot's Earnings Report, Housing Concern

(Bloomberg) -- Lower-than-expected earnings from Home Depot Inc. and signs the housing market has yet to rebound dragged most U.S. stocks lower.

Home Depot dropped after the world's biggest home- improvement retailer said weakness in property prices resulted in the smallest quarterly sales gain in four years. Technology shares, led by Solectron Corp., fell the most among 10 industry groups in the Standard & Poor's 500 Index. A rally in General Motors Corp. lifted the Dow Jones Industrial Average.


Read more at Bloomberg Stocks News

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