Larry Shover: Fox Business News”After the Bell”

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Equities were flattish on the day as equities continue to feel a bit tired up here and there are enough “negatives” (US housing #s, bad Europe earnings, Summers, etc) to justify the grind sideways. Within the SPX Homebuilders, Managed Care, Transports and Banks lagged while Materials, Utilities, Semis and Consumer Staples outperformed. Homebuilders traded lower on the back of disappointing earnings (PHM and DHI orders came in below consensus; investors worried about rising interest rates going forward).

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