Wall Street flat after housing data; S&P near key level (Reuters)

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Traders work on the floor of the New York Stock Exchange February 21, 2012. REUTERS/Brendan McDermidReuters – Stocks were little changed on Wednesday as an encouraging U.S. housing report offset soft euro zone data, while the S&P 500 struggled to break through a high not seen since last May.

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Original post by Jim Yih

Existing home sales at 1-1/2 yr-high, supply falls (Reuters)

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A labourer selects wooden planks as he works at a residential construction site in Hefei, Anhui province February 18, 2012. China's home prices fell in January from December, marking the fourth monthly fall in a row and showing that the policy-driven property market downturn is deepening, which will add to worries about a hard landing in the world's second-largest economy. REUTERS/Stringer (CHINA - Tags: BUSINESS REAL ESTATE CONSTRUCTION EMPLOYMENT)Reuters – U.S. home resales surged in January to a 1-1/2 year high and the supply of properties on the market was the lowest in almost seven years, pointing to a nascent housing recovery.

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Wall Street opens slightly lower (Reuters)

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Traders work on the floor of the New York Stock Exchange February 21, 2012. REUTERS/Brendan McDermidReuters – Stocks opened slightly lower on Wednesday, putting the S&P 500′s three-day winning streak in jeopardy after weaker-than-expected euro zone economic data.

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Citi, UBS provide keys to interest rate-rigging probe: sources (Reuters)

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Reuters – Citigroup Inc and UBS AG , in a series of disclosures to law-enforcement officials, have provided crucial information to investigators in multiple countries as part of inquiries into whether the world’s biggest banks manipulated a global benchmark interest rate, according to people familiar the situation.

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Wall Street to open slightly down; housing data on tap (Reuters)

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Traders work on the floor of the New York Stock Exchange February 21, 2012. REUTERS/Brendan McDermidReuters – Wall Street stocks were poised for a modestly lower open on Wednesday, putting the three-day winning streak for the S&P 500 in jeopardy after weaker-than-expected euro zone economic data and ahead of a report on the U.S. housing market.

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Fitch downgrades Greece on debt swap plan (Reuters)

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Reuters – Fitch cut Greece’s long-term ratings on Wednesday to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a bond exchange plan to ease its massive debt burden.

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Futures slip after European data; Dell falls (Reuters)

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Traders work on the floor of the New York Stock Exchange February 21, 2012. REUTERS/Brendan McDermidReuters – U.S. stock index futures slipped on Wednesday, indicating the S&P 500 may snap a three-day winning streak after weaker-than-expected euro zone economic data and ahead of a report on the U.S. housing market.

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Original post by Jim Yih

Futures dip after euro zone data; Dell slides (Reuters)

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Traders work on the floor of the New York Stock Exchange February 16, 2012. REUTERS/Brendan McDermidReuters – U.S. stock index futures slipped on Wednesday, indicating the S&P 500 may snap a three-day winning streak after weaker-than-expected euro zone data and ahead of a report on the U.S. housing market.

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U.S. mortgage applications sagged last week: MBA (Reuters)

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Reuters – Applications for U.S. home mortgages tumbled last week as demand for loan refinancing sagged, an industry group said on Wednesday.

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Unions to protest cuts, Greece debates more measures (Reuters)

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Reuters – Greek unions, the unemployed and communists will protest on Wednesday against spending cuts introduced to secure a multi-billion-euro bailout, and lawmakers will debate a debt swap to avoid imminent bankruptcy.

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Original post by Jim Yih