Business

US stocks drift lower at midday; Homebuilders sink

By Washington Examiner
Published April 15, 2014 4:00pm ET
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US stocks drift lower at midday; Homebuilders sink
FILE - In this April 11, 2014 file photo, traders work on the floor of the New York Stock Exchange, Friday, April 11, 2014. World stock markets were mostly lower Tuesday, April 15, 2014, as Ukraine tensions continued to bubble and jitters about China's economy resurfaced. (AP Photo/Richard Drew, File) | Richard Drew

NEW YORK (AP) — U.S. stocks are moving lower in midday trading, giving up an early gain.

Beazer Homes, Ryland Group and other homebuilder stocks fell after a survey showed that the industry’s confidence in the housing market remains low.

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