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Monday, 07/28/2014 11:08:11 AM

Monday, July 28, 2014 11:08:11 AM

Post# of 640609
U.S. stocks skid; pending home sales drop
Family Dollar Stores soars after takeover bid from Dollar Tree

NEW YORK (MarketWatch) — The U.S. stock market moved decidedly lower Monday as excitement from a flurry of deal news, including the takeover of Family Dollar Stores Inc. by Dollar Tree Inc. proved unsustainable in light of weak housing data.

Sales of existing home in June fell, marking the first decline in four months. Later this week, the pace of data speeds up as investors will get second-quarter gross domestic product, a Fed decision and July payrolls among other economic items of importance. http://www.marketwatch.com/story/us-stocks-futures-dip-as-busy-data-week-begins-2014-07-28

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