Dow hits record 13,383; homebuilder confidence at 16-year low
CBS News
Transcript
[Music] the housing market will take Setter stage on Wall Street today we'll get the latest look at new home construction and building permits on Tuesday we learned that home builder confidence fell to a 16-year low Construction Company Executives say they don't expect a recovery until next year and shares of The Limited also in the spotlight the owner of the Victoria Secret chain is looking to sell a majority of its Express unit and put its limited stores up for sale that's after a dismal profit report on Wall Street another record Clos for the Blue Chips after a tame inflation report made it more likely the FED will cut interest rates later this year the Dow closed up 37 points to a record 13, 383 but the NASDAQ lost 21 points investors will also be keeping an eye on Capital Hill lawmakers there will be taking a closer look at private Equity firms they'll be focused on the effect at buyouts like cerberus's purchase of Chrysler this week have on companies and workers critics say the private Equity firms are getting rich on the backs of working Americans but the companies say they're helping Drive the US economy that's your money watch log on to cbsnews.com for more in New York I'm Alexis christopherus