Stocks Slump as U.S. and Eurozone Uncertainties Fester
Toll Brothers (TOL) shares fell 1.8% after the homebuilder booked stronger-than-anticipated fourth-quarter sales as the company saw cancellation rates decline and net signed contracts rise.
Shares of internet company IAC/InterActiveCorp (IACI) slumped 7.8% after being downgraded to "sell" from "neutral" at Goldman Sachs.
Shares of casino and resorts operators Wynn Resorts ( WYNN ) and Las Vegas Sands (LVS) dipped 2.9% and 2.8%, respectively, amid news that Chinese officials are ramping up their inspections on mainland China and Macau casinos.
-- Written by Andrea Tse and Joe Deaux in New York.
>To contact the writer of this article, click here: Andrea Tse .