Worries about housing, consumers send stocks lower - WKOW 27: Madison, WI Breaking News, Weather and Sports

Worries about housing, consumers send stocks lower

NEW YORK (AP) -- Wall Street is down again in early trading after homebuilder Toll Brothers Inc. said it couldn't project a profit for 2009 and coffee chain Starbucks Corp. reported disappointing earnings.

  The reports point to ongoing problems in two of the market's greatest areas of concern: housing and consumer spending. Both Starbucks and Toll Brothers reported sales declines.

  In the first few minutes of trading, the Dow Jones industrial average is down 173 points, or nearly 2 percent, at the 8,697 level.

  The broader market indexes are also down more than 1 percent.

  The government and bond markets are closed for Veterans Day, so no economic reports are scheduled.

  Investors are focusing on corporate earnings reports instead.

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