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Wall St pares losses on housing data (Reuters)

The New York Times and The Wall Street Jounal are displayed at a newsstand on Monday, July 28, 2008 in New York. News Corp. says fiscal fourth-quarter earnings jumped 27 percent, Tuesday, Aug. 6, 2008, on profit from the sale of assets and higher operating earnings in its film, cable networks and newspaper units. (AP Photo/Mark Lennihan)Reuters - Stocks pared losses on Thursday
following a report that showed June pending home sales rose
unexpectedly, buoying hopes of housing market stabilization.

Original post by Reuters

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