The Dow and U.S. stock market traded lower on Tuesday after government data showed housing starts tanked in December, highlighting extensive damage to the real estate sector since interest rates began to rise. Dow Weakens – S&P 500 & Nasdaq Follow All of Wall Street’s major indexes showed weakness through the early part of trading Tuesday, reflecting tepid pre-market conditions for Dow futures. The Dow Jones Industrial Average fell 67 points, or 0.3%. to 26,024.55. Less than half of the index’s 30 members traded lower, though big losses for Caterpillar Inc. (CAT) and Home Depot Inc. (HD) offset more modest
The post Dow Drops Toward 26,000 as US Housing Slowdown Sparks Recession Fears appeared first on CCN
source https://www.ccn.com/dow-drop-26000-us-housing-data-recession
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