[July 26, 2011] SmarTrend Midday Market Recap -- July 26, 2011 (DJI,INX,IXIC) Tweet Jul 26, 2011 (SmarTrend(R) Market Commentary via COMTEX) -- Last updated July 26, 2011: 1:30 PM ET --- The major U.S. equity indices are mixed following economic reports on consumer confidence and new single-family home sales. The Conference Board reported that its consumer-confidence index rose to 59.5 in July from a downwardly revised 57.6 in June. Economists had expected the July reading to decline to 55.3 on concerns over the debt ceiling. Sales of new single-family homes fell 1% in June as purchases in the Northeast dropped to the lowest level since 1973. Single-family sales fell to an annual rate of 312,000, according to the Commerce Department. Economists had expected sales to climb to an annual rate of 325,000 on a seasonally adjusted basis. The Dow Jones Industrial Average (DJI) is trading 0.56% lower at 12,522.11, the S&P500 (INX) is trading 0.27% lower at 1,333.87, and the Nasdaq Composite (IXIC) is trading 0.01% higher at 2,842.97. 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 ]