It was all about the state of real estate today. January's numbers on housing were released, and they painted a grim picture of the real estate market. This, combined with the concerns about the subprime lending market, led to a decline on Wall Street. Lennar issued earnings that were not "sweet" but were in line with analysts expectations. The Fed still estimates a better second half for the housing market. All indexes responded negatively to this news.
DJIA -71.78 NASDAQ -18.20 S&P 500 -8.89
