NEW YORK (AP) Wall Street is narrowly mixed after two economic reports came in much better than the market expected.
The Commerce Department report said new home sales rose 2.4 percent in July, a much better performance than the 1 percent drop economists forecast. And the Conference Board said its consumer confidence index came in at 56.9, much better than exectations for a reading of 53.
The Dow Jones industrials are down about 5 at the 11,380 level, recovering somewhat from an earlier, larger drop. The other major indexes are modestly higher.