Tuesday, July 10, 2007

US STOCKS-Housing weakness hits outlooks and indexes fall

(Reuters) - NEW YORK, July 10 - U.S. stocks fell on Tuesday
as the housing slump took a toll on companies' earnings
outlooks, while trouble in the subprime mortgage market hurt
financial companies' shares.




Home Depot Inc. , the largest U.S. home improvement
chain, cut its 2007 earnings outlook, citing fallout from the
housing slump, while D.R. Horton, the largest U.S. home
builder, forecast a third-quarter loss.


Read more at Reuters.com Bonds News

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