Lumber Liquidators Falls Hard; Weather Blamed for Dip in New Home Sales
Major U.S. markets were flat across the board in midday trading Wednesday.
Investors are cautiously listening as Fed Chairwoman Janet Yellen continues her testimony in front of the House Financial Services Committee. Major U.S. markets are flat across the board. New home sales slipped 0.2% in January but less than what economists were expecting. Supply rose to its highest level since 2010. Bad winter weather in this country's Northeast is blamed for the drop in sales. Lumber Liquidators (LL) is plunging after reporting disappointing earnings results. Shares of the hardwood floors retailer are tanking 20%. Hewlett-Packard (HPQ) is also sharply falling after giving guidance that Wall Street didn't want to hear. The tech company did report earnings of $0.92, beating estimates by a penny.
