STOCKS NEWS US-Construction spending down 0.9 pct in May

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1027 ET 01July2009-Construction spending down 0.9 pct in May
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U.S. construction spending fell 0.9 percent in May to the lowest rate in
more than five years, with the economic stimulus plan passed in February
providing little relief in public construction, according to Commerce
Department data released on Wednesday.

The drop was more than expected, with economists polled by Reuters
forecasting a fall of only 0.5 percent. April's spending was revised downward
to an increase of 0.6 percent from March, compared to the 0.8 percent increase
originally reported.

For details, see [ID:nN30459920]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1022 ET 01July2009-Pending home sales up 0.1 pct in May
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Pending sales of previously owned U.S. homes rose slightly in May, the
fourth straight monthly gain, a real estate trade group said on Wednesday.

The National Association of Realtors said its Pending Home Sales Index,
based on contracts signed in May, was up 0.1 percent to 90.7 from a upwardly
revised index of 90.6 in April. The index for April had previously been
reported as 90.3. Economists polled by Reuters ahead of the report were
expecting pending home sales to remain unchanged.

Following the release of the data, the Dow Jones U.S. Home Construction
index .DJUSHB rose 0.8 percent to 216.48.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1016 ET 01July2009-Manufacturing sector slows in June: ISM
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The U.S. manufacturing sector shrank in June but at a slower pace than
during the prior month, according to an industry report released on Wednesday.

The Institute for Supply Management said its index of national factory
activity edged up to 44.8 to in June from 42.8 in May. The median forecast of
73 economists surveyed by Reuters was for a reading of 44.5.

A reading below 50 indicates contraction in the manufacturing sector.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1010 ET 30Jun2009 NYSE announces third-quarter circuit-breakers
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The New York Stock Exchange said on Tuesday it will implement new
circuit-breaker trigger levels for stocks in the third quarter.

Circuit-breakers are the thresholds at which trading is halted market-wide
for single-day declines in the Dow Jones industrial average. The levels are as
follows:

* An 850-point drop in the Dow before 2 p.m. EDT will halt trading for one
hour. If it is between 2 p.m. and 2:30 p.m., trading will be halted for 30
minutes. If the drop is at 2:30 p.m. or later, there will be no halt in
trading.

* A 1,700-point drop in the Dow before 1:00 p.m. will halt trading for two
hours. If it is between 1:00 p.m. and 2:00 p.m., trading will be halted for one
hour. Trading will be halted for the rest of the day if it is at 2:00 p.m. or
later.

* A 2,600-point drop will halt trading for the remainder of the day
regardless of when the decline occurs.

For more please double click [ID:nN30465422]

Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
0944 ET 01July2009-Comcast announces results for debt securities tender
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Comcast Corporation (CMCSA.O) announced that it received tenders for $1.73
billion of its outstanding debt securities in the tender offer yesterday.

Comcast announced its intention on June 18 to purchase up to $1.3 billion
of the outstanding debt securities.

Shares of Comcast rose 1 percent to $14.62. Among its peers, Cablevision
Systems (CVC.N) rose 1 percent to $19.60, Time Warner Cable (TWC.N) rose 1.2
percent to $32.05 and Dish Network (DISH.O) is up 0.8 percent to $16.34.

Reuters Messaging: rachel.chang.thomsonreuters.com@reuters.net