Markets Continue to Slide
(NEW YORK) — The markets spent most of the session mixed before declining ahead of the closing bell.
The Dow lost 58 points and closed at 12,756.18 on Tuesday. Technology and financial stocks led the Nasdaq to a 20-point loss to close at 2,883.89. The S&P closed down five points, finishng at 1,374.53.
Home Depot completed the latest quarter with profits at a 12-year high, the Wall Street Journal reports. The continuing housing market recovery and preparations for Superstorm Sandy helped offset costs of closing stores in China.
Used car prices are also rising because of Sandy. Analysts say used vehicles are becoming a hot commodity as legions of victims try to replace all those cars destroyed by the storm.
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