Author: 123jump.com Staff
123jump.com
Last Update: 12:09 PM EST November 17 2006

Market averages at mid-day trading came under pressure on lower than expected housing starts and weaker than expected earning. The housing starts for October were reported at 1.486 million lower than the estimates of 1.55 million from economists. Home builder stocks traded lower on te news. Nymex priced 6.5 million shares in IPO at $59 per share and opened at $120 to trade as high as $152 before settling at $137.