The stock market continues to be weak today. As of 1:30, the Dow is off 44 points and the S&P 500 is down by 6.5 points. This is the third straight day stocks have fallen.
Shares of DR Horton (DHI), which is the country’s second-largest homebuilder, are down sharply after a poor earnings report. The company’s reported loss was three times what analysts were expecting.
Don’t miss out on my latest articles at NavellierGrowth.com. You can read why Baidu.com (BIDU) is my top China pick. Also, here’s my take on President Obama’s visit to the Far East. I also discuss why investors ought to avoid Netease.com (NTES).