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Stocks Head Lower as Spain Seeks Help for Banks

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Fox sports.

Your Fox Business break US stocks following global markets lower after Spain request help for its struggling banks right now the Dow is down.

165.

Points.

Some good news though from housing market Americans -- homes in May the fastest pace in more than two years.

The Commerce Department says sales of new homes increased seven point 6% in May from April.

To a seasonally adjusted annual rate -- 369000.

Homes.

And New York's attorney general is now confirming he's made settlement deal with -- -- -- key figures in the -- Madoff scandal.

410 million dollars.

To settle charges against him in -- case smirking is accused of funneling clients' money.

It -- Madoff Ponzi scheme without there knowledge the money coming from Americans Gabriel fund.

And that is the latest from the Fox Business Network giving yields power to prosper.