The National Association of Home Builders housing market index stayed at 13 this month, which was below economists' prediction of 14. The current reading, like in August, was the worst reading since March 2009 and much lower than the desired 50 which would signal that more builders see conditions as good than poor.
Investors are also focusing on merger and acquisition activity today as they await the Federal Open Market Committee meeting tomorrow.
(bye , 1120, we are above 1130 now. cheers bull. we are in right side of river, money river!)
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