US STOCKS-Futures drop on housing, spending concerns

Newswire

(Adds details, updates prices) By Ellis Mnyandu NEW YORK, Sept 25 (Reuters) - U.S. stock futures fell on Tuesday as home builder Lennar Corp. reported a loss, suggesting a worsening in the housing sector, while warnings from two key retailers raised concern about consumer spending. Lennar's disappointing quarterly results hit a market already made jittery by a profit warning from home improvement chain Lowe's Cos. Inc. and a forecast for a sales shortfall at Target Corp . The second ...

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