[August 23, 2011] SmarTrend Midday Market Recap -- August 23, 2011 (DJI,INX,IXIC) Tweet Aug 23, 2011 (SmarTrend(R) Market Commentary via COMTEX) -- Last updated August 23, 2011: 12:45 PM ET --- The major U.S. equity indices are trading higher Tuesday following reports on manufacturing in Europe and China. The Commerce Department reported that U.S. sales of new homes fell 0.7% in July to a seasonally adjusted rate of 298,000, which is the slowest pace since February. Sales reached 316,000 in April before falling. Economists had expected a 1% gain in home sales to a 315,000 rate. The Richmond Fed said that its manufacturing index fell to -10 from -1 in July. The Dow Jones Industrial Average (DJI) is trading 1.92% higher at 11,063.09, the S&P500 (INX) is trading 2.22% higher at 1,148.76, and the Nasdaq Composite (IXIC) is trading 2.80% higher at 2,411.06. 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 ]