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Dow regains some early losses
NEW YORK, U.S. equities markets regained some ground lost early Tuesday after the Commerce Department said building starts had declined in June.
Housing starts fell 0.5 percent, while permits issued rose marginally, up 2.3 percent compared with May.
Housing completions soared by 26.2 percent, in part a compliment to a month of good weather.
Corporate reports have disappointed investors. Goldman Sachs, hurt by a Securities & Exchange investigation into fraud over securities allegedly packaged to fail, said its earnings dropped 82 percent in the second quarter. Goldman shares slumped 1.28 percent on the report.
After a steep early decline, the Dow Jones industrial average pulled back toward break-even, down 49.19 points, off 0.48 percent, to 10,105.24 in early afternoon trading. The Standard & Poor's 500 index was off 0.22 percent, 2.39 points, to 1,068.86. The Nasdaq composite index shed 11.94 points, 0.54 percent, to 2,186.29.
The benchmark 10-year U.S. Treasury note rose 6/32 to yield 2.941 percent.
The euro fell to $1.2904 from Monday's $1.2942. Against the yen, the dollar rose to 87.20 yen from Monday's 86.86 yen.
In Japan, the Nikkei 225 index dropped 1.15 percent, 107.90, to 9,300.46 after a one-day holiday.
In Britain, the FTSE 100 index lost 0.17 percent, 8.82, to 5,139.46.
NEW YORK, U.S. equities markets regained some ground lost early Tuesday after the Commerce Department said building starts had declined in June.
Housing starts fell 0.5 percent, while permits issued rose marginally, up 2.3 percent compared with May.
Housing completions soared by 26.2 percent, in part a compliment to a month of good weather.
Corporate reports have disappointed investors. Goldman Sachs, hurt by a Securities & Exchange investigation into fraud over securities allegedly packaged to fail, said its earnings dropped 82 percent in the second quarter. Goldman shares slumped 1.28 percent on the report.
After a steep early decline, the Dow Jones industrial average pulled back toward break-even, down 49.19 points, off 0.48 percent, to 10,105.24 in early afternoon trading. The Standard & Poor's 500 index was off 0.22 percent, 2.39 points, to 1,068.86. The Nasdaq composite index shed 11.94 points, 0.54 percent, to 2,186.29.
The benchmark 10-year U.S. Treasury note rose 6/32 to yield 2.941 percent.
The euro fell to $1.2904 from Monday's $1.2942. Against the yen, the dollar rose to 87.20 yen from Monday's 86.86 yen.
In Japan, the Nikkei 225 index dropped 1.15 percent, 107.90, to 9,300.46 after a one-day holiday.
In Britain, the FTSE 100 index lost 0.17 percent, 8.82, to 5,139.46.
