Tue 14 Nov 2006
While it seems like everyone was very excited about the Dow Jones hitting all time highs only a couple of weeks ago, no one seems to notice or really care that the NDX (Nasdaq 100 index) has finally broken above the highs set back in January.
While the S&P 500 and the Dow have been powering forward, the NDX has been struggling just to hit a 52 week high.
In other news this morning, DR Horton, one of the larger home builders in the US, had this news release: “…fourth-quarter earnings fell 51 percent as customers canceled orders for new houses.”? (Bloomberg)? The stock (DHI) is up over 9% in pre-market trading…