Business

Snapshot

Stocks cool after data on housing disappoint

Advertisement

Stocks meandered between small gains and losses, cooling off after a rally that had pushed the S&P 500 above 1,500 for the first time since 2007. Encouraging manufacturing news gave an early lift, but stocks slipped after a report on home sales. The US said before trading began that orders for long-lasting goods rose in December by 4.6%, but after trading began, the National Association of Realtors said its index of pending home sales fell in December, suggesting sales may slow. Hess was the S&P 500’s big gainer, adding 6.1% after it said it plans to sell its US terminal network, shutter its New Jersey refinery, and shift to exploration and production.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com