[July 20, 2011] SmarTrend Midday Market Recap -- July 20, 2011 (DJI,INX,IXIC) Tweet Jul 20, 2011 (SmarTrend(R) Market Commentary via COMTEX) -- Last updated July 20, 2011: 1:00 PM ET --- The major U.S. equity indices are trading lower Wednesday following a weak report on sales of single-family existing homes last month. The National Association of Realtors reported that existing homes fell 0.8% to a seasonally adjusted annual rate of 4.77 million from 4.81 million in May. President Barack Obama praised a bipartisan plan to cut $3.7 trillion through tax increases and spending cuts. In corporate news, Apple (NASDAQ:AAPL) shares are trading 3.08% higher at the company reported Q3 earnings late Tuesday that exceeded consensus estimates. The Dow Jones Industrial Average (DJI) is trading 0.10% lower at 12,575.24, the S&P500 (INX) is trading 0.02% lower at 1,326.49, and the Nasdaq Composite (IXIC) is trading 0.45% lower at 2,813.82. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]