Housing Data Put Dow Off 29

By Harry Kimball,  Newser Staff
Posted May 19, 2009 3:12 PM CDT
Traders gather on the floor of the New York Stock Exchange.   (AP Photo)
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(Newser) – Yesterday’s housing-fueled rally didn’t carry over into today’s session, the Wall Street Journal reports, in part because of poor indicators from that same industry. April saw a 12.8% reduction in buildings starting construction; Home Depot dropped 5%. Still, a metric of investor anxiety today fell to its lowest point since September. The Dow was off 29.23 to 8,474.85; the S&P lost 1.58, ending at 908.13. The Nasdaq crept up 2.18 to 1,734.54. (Read more New York Stock Exchange stories.)