i m hampton pierson with your cnbc market rap. the dow closes below 13,000, losing 68 points, the nasdaq loses 24. bank of america, morgan stanley reported better than expected earnings earlier but existing home savings dropped in march and job claims fell from 2,000 to 386,000. shares were sent higher in after-hours trading. that s cnbc first worldwide, now back to hardball. welcome back to hardball. new details are emerging from
i m hampton pierson. the dow falls to 69, standard and poor s at 4.23 and the nasdaq dropped. housing prices slipped 1.1% in february while building prices surged more than 5%. after the closing bell, oracle said it earned 62 cents a share in the third quarter, beating analyst estimates. that s cnbc first worldwide. now back to hardball. big political story tonight. welcome back to hardball. polls in illinois will be closed at 8:00 eastern and the contest between romney and santorum is getting more and more heated. romney called santorum an economic lightweight and
here s a look at how your stocks are trading. the dow jones industrials up 47 points, the s&p up 5 points. last week it was fannie mae and today it s freddie mac. the government backed more tajs freddie mac reported a loss of nearly $5 billion in the second quarter. the request would bring the company s total rescue package to $63 billion. last week fannie mae requested another $1.5 billion in aid. despite seeing demand for its cars and trucks increase, chrysler is still struggling a year after emerging from bankruptcy. the company has cut its losts thanks to increased sales and lower costs. sales in the u.s. rose 13% from two years ago. that s cnbc first worldwide. we have breaking news, u.s.
500 up 4.5 and the nasdaq up 7.5 points. the commerce department now says that the economy shrank by 2.6% last year, that s more than the 2.4% originalliest mailed. economic growth slowed to 2.4% last quarter. in contrast, china s economy has done so well it s become the world s second largest economy overtaking japan. china grew by more than 9% and it s on a course to surpass the united states in 2025. that s cnbc first worldwide. now here s a look at your top stories this friday. the army intelligence specialists charged with leaking more secrets to wikileaks is now in a military jail in virginia. private bradley manning is accused of leaking thousands of secret afghan war documents.