It was a light day of trading on Wall Street as a disappointing retail report kept stocks under pressure.
There are more signs of optimism for the housing market as the S&P Case Shiller home price index climbed 0.7 percent in October on a seasonally adjusted basis, which exceeded expectations of a 0.5 percent gain.
Herbalife (HFL) bounced back after dropping 38 percent last week following accusations from hedge fund manager Bill Ackman who said the company operates as a pyramid scheme. This morning, hedge fund manager Whitney Tilson announced he is also shorting the company's stock.
Several retailers including Coach (COH) and Ralph Lauren (NYSE:RL) were sharply lower after a report from the Mastercard Advisors SpendingPulse showed that retail holiday sales grew at the weakest pace this season since 2008.
Tomorrow, we'll take a look at the numbers for weekly jobless claims, new home sales as well as the consumer confidence report.
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