Stocks fumble early gains...Home sales slip...Unemployment claims rebound

July 19, 2012, 10:35 am


NEW YORK (AP) — Some downbeat economic reports have given back some of the early gains for the stock market. Coming into today's session, the market had logged two days of solid advances.

WASHINGTON (AP) — The National Association of Realtors says sales of previously-owned homes fell 5.4 percent in June. Sales are higher than a year earlier, but the annual sales pace is below the level economists consider healthy.

WASHINGTON (AP) — A forward-looking gauge of the nation's economy is pointing lower. The Conference Board's index of leading indicators fell 0.3 percent.

WASHINGTON (AP) — The Labor Department says the number of new claims for unemployment benefits rose by 34,000 last week, reversing a drop that was seen in the previous week. The claims numbers may have been whipped around by efforts to account for traditional auto plant shutdowns, leading to what one economist calls "statistical noise."

WASHINGTON (AP) — The Walgreen pharmacy chain will begin filling prescriptions from customers in the Express Scripts network again starting in September under a new multiyear contract between the companies. The agreement comes after a series of disputes between Walgreen and Express Scripts that ended with the discontinuation of the contract between the drugstore operator and the pharmacy benefit manager last year.

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