Disappointing Earnings, Housing Data Snap S&P Winning Streak (Bloomberg)
After a six-session rally, stocks fell today on disappointing earnings from AT&T and Amgen, along with a surprise drop in home sales. “The market has been moving up rather well, but it can get a little tired,” Richard Sichel, chief investment officer at Philadelphia Trust Co., said. “And the economic news today was not anything that would drive the market higher at this point. Apple and Facebook report after the close today, and everyone will be watching that, as they can be market movers.”
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