Stocks, housing dent economic outlook

Declines in stock prices and housing permits continued to impact the economic outlook in January, as The Conference Board reported today that its U.S. leading index fell for the fourth straight month.

The index, considered a gauge of economic activity over the next three to six months, dipped 0.1 percent in January, and now stands at 135.8. Based on revised data, this index sank 0.1 percent in December, 0.4 percent in November and 0.5 percent in October.

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