Author: 123jump.com Staff
123jump.com
Last Update: 3:15 PM EDT March 27 2007

Market averages traded near the lowest level in the last hour of trading. Weak consumer confidence and a decline in housing index dragged broader averages lower. Housing stocks corrected on lower than expected earnings at Lennar. GameStop reported earnings of 81 cents up from 55 cnets a year ago. Aruba Networks launched its IPO at $11 per share.