Stocks Down Sharply After Home Sales Data
AP -Wall Street retreated Thursday after new housing data showed sales surged in April by the largest amount in 14 years, damping hopes that an interest rate cut would be needed to stimulate the economy.
Wall Street retreated Thursday after new housing data showed sales surged in April by the largest amount in 14 years, damping hopes that an interest rate cut would be needed to stimulate the economy.
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