Home prices in the US fall on soft demand

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Source: BBC
House price in the US fell much more that initially projected in November. US prices for single-family houses declined by 0.7%, confounding the forecast of 0.5% increase. House price leveled off at the level of 2003 on the oversupply and weak demand. Consumer confidence also decreased in January, following gains over two preceding months.


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Wed, 01 Feb 2012 12:41:35 GMT

S&P 500 index slightly down on consumer confidence data

S&P 500 Index slightly faded on Tuesday as US reported lower than expected consumer confidence amid declining home prices. US benchmark gave up  0.05% or 0.6 points and closed at 1,312.41, pushed down by energy shares. Mattel Inc. gained 5% after reporting strong results from 4th quarter, lifted by robust demand for Barbie and Monster High dolls. US Steel Corp.

Wed, 01 Feb 2012 12:21:14 GMT

US stocks end modestly lower on Tuesday but up in January

US markets ended lower on Tuesday amid disappointing US consumer confidence data. Nevertheless, stocks posted the best January in the last ten years. S&P 500 index slipped 0.05% or 0.6 points and closed at 1,312.41, while Dow Jones Industrial Average Index gave up 0.16% or 20.81 points and finished at 12,632.91. Nasdaq Composite was up for the third straight session, gaining 0.07%

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