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New-Home Sales Fall to 5-Month Low in June

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I'm Robert Gray with your Fox Business brief.

Strong earnings from -- and Caterpillar -- helping to push the blue chips higher.

A different case for the NASDAQ and S&P 500 following a sharp drop in new home sales force a rare earnings miss from apple weighing on those indices.

Apple's results were hit by the struggling European economy.

Plus consumers anticipating product refreshes they may be waiting for new -- and iPad is expected later this year.

Raymond James -- tech giant's rating to underperform and lowered the price target.

Annual sales in June tumbled eight point four per -- the biggest percentage drop since February of last year.

It's also the slowest pace of sales and five months.

After May's total reached a two year high.

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