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6-Day Winning Streak Ends; New Home Sales Fell 14.5% in March

By: , dated April 23rd, 2014
Stocks end the day lower, signaling an end to a six day winning streak. New home sales in March fell a whopping 14.5%, partially due to severe winter weather and higher mortgage rates. SodaStreams (SODA) stocks were up nearly 15% during the morning session and closed up 11% after it was reported that SodaStream may sell a 10% stake in the company to Starbucks (SBUX). Facebook’s (FB) first quarter revenue grew 72% year over year, beating sales and earnings estimates. It was also announced today that Facebook’s CFO is planning on stepping down effective June 1.

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