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Daily Wrap: 7/20/2011

Market News Video
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July 20, 2011 AT 4:50 PM
Discouraging economic news from the housing sector was offset by positive earnings results, but it wasn't enough for the markets to hold on to yesterday's gains. Existing home sales took a tumble in June, down 0.8 percent, marking a 7-month low, according to the National Association of Realtors.