Stocks dropped on Wednesday, with the Dow headed for its sixth-consecutive session in the red, amid caution ahead of the release of the Fed's latest policy meeting minutes and despite a better-than-expected existing home sales report.
Stocks climbed back near session highs Thursday, with the Dow and S&P 500 crossing above their record closing levels, after Fed Chairman Ben Bernanke emphasized the central bank intends to keep its stimulus measures for the foreseeable future.
Several segments of the real estate industry, including single-family housing and commercial, still held promise. "But I wouldn't say that we're buying a market," she added. "Some markets look expensive.
Stocks took a sharp nosedive across the board Thursday, with the Dow on track for its worst day of 2013, after Federal Reserve Chairman Ben Bernanke hinted the central bank may scale back its asset purchases later this year...