Stocks Fall In Early Trading
Stocks declined Monday, the last day of a volatile and difficult year on Wall Street, as investors awaited a report on home sales.
The National Association of Realtors' is scheduled to release data on November existing home sales at 10 a.m. EDT, and Wall Street expects a decline from October's already low levels.
Investors found some reason to hope that Wall Street would in 2008 be able to put to rest some of its financial troubles. The U.K.'s Observer newspaper reported that Merrill Lynch & Co. was in talks over the weekend to line up capital from investors in China and the Middle East in exchange for portions of the Wall Street firm.