Friday, December 28, 2007

Markets muted as housing looms





Dec. 28 - New home sales fell to their lowest level in twelve years, and sent investors fleeing to the safety to U.S. treasuries. The Dow added 6.26 points, finishing at 13,365.87. The S&P 500 gained 2.12 points, closing at 1,478.49. The Nasdaq shed 2.33 points, finishing at 2,674.46. Diane King reports from New York. REUTERS VIDEO