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Pending Home Resales in U.S. Unexpectedly Increased (Update2)
June 9 (Bloomberg) -- The number of Americans signing contracts to buy existing homes unexpectedly rose in April as the first nationwide decline in prices since the 1930s lured buyers back into the market, a private report showed. The index of ...
And that seems likely to continue. And experts question whether the Federal Reserve's big interest-rate cuts are enough to save the economy. Tuesday's bad economic news, and the sharp selloff that resulted, are the latest signs that the stock-market decline is still going on. Share prices are swinging up and down more violently than they have anytime in the past five years. But not every market sector faces the same problems and uncertainties. That's the one thing that seems predictable in today's stock market. Fears of a recession are rising. Volatility. That's essentially what has been happening since the start of 2008, as subprime fallout led to recession anxiety. Really bad stock markets knock down shares of all kinds. The stock market is in turmoil. Does that mean you need to be doing a dozen things right now to protect your investments? The Federal Reserve's large interest rate cut on Tuesday is just the latest sign that experts think
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