Existing Home Sales Post Best Gain Since 2011; Stocks Retreat From Record Highs
The Dow and S&P 500 retreat from record highs, while Nasdaq ends the day slightly up. Existing home sales rose 4.9% in May, for the second straight month. The monthly gain is the highest gain since August 2011. A massive combined airbag recall of nearly 3 million vehicles worldwide was announced by Honda (HMC), Mazda, and Nissan. These 3 companies all use Takata airbag inflators that can explode and send metal bits through the air. French Bank, BNP Paribas is on the verge of settling a $9 billion criminal lawsuit for violating economic sanctions.The bank entered business with Sudan, Iran, and Cuba, thus violating predetermined sanctions.
Word on the Street
Published on Jun 23, 2014By InvestorGuide Staff