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Stocks mixed after weak factory, housing reports
Stocks open mixed after steep decline in factory orders, still-falling home prices
By The Associated Press

Stocks are opening mixed after weak reports on factory orders and home prices.

The government said Tuesday that orders for long-lasting manufactured goods fell last month by the most in three years. Businesses made fewer long-term investments. That kind of investment has helped drive the recovery.

An index of home prices fell in December for a fourth straight month in most major U.S. cities as sales remained slow.



The Dow Jones industrial average has flirted with 13,000 since last week, breaking through that point repeatedly but sinking before the market closed.

The Dow is down a point at 12,980 shortly after the market opened. The S&P 500 is up a point, or 0.1 percent, at 1,368. The Nasdaq is up 5, or 0.2 percent, at 2,971.


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