Posts Tagged ‘Cellceutix Corporation’

Stocks are mixed as investors dismiss sharp rise in sales of existing homes; Amazon and Microsoft report strong earnings

Stock investors are dismissing a big jump in sales of existing homes last month as an aberration.

Stocks remain mostly lower Friday following a report that September home sales soared 9.4 percent, nearly double analysts’ forecasts. It was the highest level in more than two years as buyers raced to complete purchases before a tax credit expires.

The market is lower after a big spike Thursday and with little new information to trade on after a busy week of earnings. Strong profits from Amazon.com and Microsoft are drawing some buyers to tech stocks.

The Dow Jones industrial average is down 50 at 10,031. The Standard & Poor’s 500 index is down 5 at 1,088, while the tech-heavy Nasdaq composite index is up 9 at 2,174.

Read the rest of this entry »