Yesterday, the stock market turned on a dime, going from what appeared to be a straight shot toward new multiyear highs to a disappointing decline. This morning, the ill feelings from that reversal continued, despite indications of some strength in the housing market. Existing-home sales rose 2.3% in July, and the prices of those homes increased by nearly 10%. Yet the pace of growth is still slower than what we saw during spring, reflecting the conflict that investors have in assessing economic strength. Just after 10:45 a.m. EDT, the Dow Jones Industrials
Finally, oil stocks were down somewhat, with both ExxonMobil
Get on up
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Fool contributor Dan Caplinger doesn't own shares of the companies mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool owns shares of ExxonMobil. Motley Fool newsletter services have recommended buying shares of Home Depot and Chevron, as well as writing covered calls on Lowe's. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool has a disclosure policy.
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