Stocks Mixed on Falling House Prices and Consumer Sentiment (BP, WAG)
Major indices were slightly down today, as negative economic data was released. Consumer confidence was reported to fall this month, from an indexed value of 71.6 in February to 70.2 in March. House prices fell in January, according to the Case-Shiller index. In corporate news, BP (BP) announced that it would be leasing 84,000 acres of land in Ohio for the purposes of oil and gas production. Walgreens (WAG) had a rough Q2, due mostly to its split from the Express Scripts pharmacy network.
Word on the Street
- Stock indices were mixed for the day after several negative pieces of news.
- Home prices fell in January.
- While the EPA's new proposed carbon rule drew criticism, relevant stocks did not react.
- US consumer confidence fell in March.
- BP (BP) will lease a large tract of land in Ohio for the production of oil and gas.
- Walgreen's (WAG) Q2 earnings fell by over 7 percent.
Published on Mar 27, 2012By InvestorGuide Staff