Wall Street skidded lower in another erratic session Tuesday as investors grappled with the possibility of further trouble for the housing market and mortgage lenders like Countrywide Financial Corp. The Dow Jones industrials fell nearly 180 points.
Investors tried to take the market higher, but succumbed to another stream of bad news.
In the morning, the National Association of Realtors said Tuesday its index tracking pending U.S. home sales fell 2.6 percent in November, a larger decline than the market expected. Jitters about Countrywide and KB Home, which posted a disappointing fourth quarter loss, kept Wall Street on edge throughout the day, and comments by …
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