June housing construction rises to highest level in 7 months; building permits also soarWASHINGTON — Construction of new U.S. homes rose in June to the highest level in seven months as builders rushed to pour foundations for homes that must be completed by the end of November for first-time buyers to take advantage of a special tax break. Stocks slide ahead of earnings rush; Banks get a lift from analyst upgradeNEW YORK — Investors are waiting for corporate earnings reports to arrive before they push into stocks. |