Tuesday, July 10, 2007

U.S. Stocks Fall on Earnings Outlooks; D.R. Horton, Sears Shares Decline

(Bloomberg) -- U.S. stocks fell for the first time
in six days on concern the housing slump will hurt earnings
after D.R. Horton Inc. said it will report a loss and Sears
Holdings Corp. forecast its profit will fall.

D.R. Horton, the second-largest U.S. homebuilder, slid
after saying it sees no sign of a housing rebound. Sears, the
biggest U.S. department-store company, plunged the most since
2005 after it said earnings will trail analysts' estimates.


Read more at Bloomberg Stocks News

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