Banks Applaud as Yields Rise, but Iraq Worries Stay - Presented by: The Aol. On Network

U.S. stocks rallying a bit, led by strength in the financials, but geo-politics are keeping gains in check. The Dow up 27 points, the S&P 500 up 4 and the Nasdaq up 16 points. Housing took a step back in May. Starts and building permits slipped more than expected, with groundbreaking dropping 6.5 percent to a seasonally adjusted annual pace of 1 million units. All this could mean the housing recovery is staying slow for a while.



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