U.S. Stocks Are Little Changed Amid Economic Reports

By Rita Nazareth – Jun 26, 2012

(Bloomberg)

 

U.S. stocks were little changed, after yesterday’s selloff in global equities, as residential real estate prices declined at the slowest pace in more than a year while consumer confidencedropped.

The S&P 500 added less than 0.1 percent to 1,314.28 at 10:20 a.m. New York time. The Dow Jones Industrial Average fell 18.28 points, or 0.2 percent, to 12,484.38.

“Housing has clearly bottomed,” said Hank Smith, chief investment officer at Haverford Trust Co. in Radnor,Pennsylvania. His firm manages about $6.5 billion. “We’re in a period where we’re going to bounce along the bottom. Data will be choppy and concern about Europe is still there.”

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