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Stocks Slide Amid Disappointing Retail Sales, Housing Data

By Ashton Dorkins | TradingMarkets.com
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Stocks are lower on Wednesday, after retailers reported disappointing sales over the holiday period, and another gloomy housing report.

Berkhshire Hathaway (BRK.A | Quote | Chart | News | PowerRating) agreed to buy a 60% stake in Marmon Holdings for $4.5 billion (read more).

Target (TGT | Quote | Chart | News | PowerRating) is declining after the company cut its December same-stores sales expectations amid weak sales (read more).

LDK Solar (LDK | Quote | Chart | News | PowerRating) is among the biggest gainers on the NYSE, while China Sunergy (CSUN | Quote | Chart | News | PowerRating), Solarfun Power (SOLF | Quote | Chart | News | PowerRating) and Hoku Scientific (HOKU | Quote | Chart | News | PowerRating) are among the biggest gainers on the Nasdaq.

Market Snapshot

Dow

-39.26 13510.07

NASDAQ

-9.20 2704.30

S&P 500

-5.19 1491.26
Strongest/Weakest Industry Groups

Strongest Industries

% Change

Weakest Industries

% Change
Silver
+5.29%
Department Stores
-1.93%
Computer Based Systems
+4.55%
Apparel Stores
-1.61%
Gold
+4.15%
Home Furnishing Stores
-1.28%

Economic News

None Today


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