Stocks fell Friday after Google's profit failed to impress investors and a new housing report showed that the industry continues to struggle.
Concerns about rising costs at Internet giant Google Inc. more than outweighed stronger-than-expected earnings from General Electric Inc. and Bank of America Corp. Both GE and Bank of America say the economy is improving and loan losses are moderating.
The Commerce Department said housing construction rose to a 16-month high in March. However, construction of single-family homes, the most important segment of the market, fell. Economists are also concerned about continued hurdles in the housing market, like rising …
No comments:
Post a Comment