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New york just how nervous are potential traders about greece?All it took to derail a day of market gains was a headline saying that the country was preparing to leave the euro, an outcome many analysts expect to occur eventually.Major indexes were higher for most of the day after the nar reported that home prices surged 10 percent over the past year, your gain in six years.

Associated press archivetraders at the Ralph Lauren Bikini nyse.

And subsequently, with but an hour of trading Ralph Lauren UK Outlet left, news hit that greece's former pm said the country was considering dropping the euro.Investors have been predicting that greece could make a messy exit from the euro this year, but the prospect that could be imminent gave the market a jolt.

A 50 point gain in the dow jones industrial average become a 57 point loss in 45 minutes.A eleventh hour recovery left the dow down just 1.67 locations at 12, 502.81.

Facebook's stock kept falling, burning off 9 percent to $31.The social networking company has fizzled since its long awaited initial public offering yesterday at $38.Facebook game sank 11 percent on monday, even as the rest of stocks and shares rallied.

The realtor group said sales of already occupied homes rose 3.4 percent last month to once a year rate of 4.62 million, More than economists had forecasted.The typical price jumped to $177, 400, the gain since january 2006, before real estate bubble popped.

"Existing home sales is one of the most basic indicators for the housing market, being spoken dan greenhaus, chief global strategist at the broker btig. "The development in today's data, while not dramatic, is all the same encouraging,

Consist of trading, the nasdaq amalgamated dropped 8.13 give some thought to 2, 839.08.The traditional poor's 500 inched up 0.64 of a examine 1, 316.63.It was up 12 points earlier in the morning.

Pultegroup, lennar and other homebuilders gained much more 2 percent.S homebuilder index has surged 38 percentage points this year, in contrast to 4.7 for each for the S 500 index.

Nowadays, most analysts considered the housing arena a drag on the overall economy.John rupkey, chief personal fund economist at bank of tokyo mitsubishi, said tuesday's report is more proof that housing is not really an obstacle.It has"Not merely the healing"He was quoted saying, in a note to potential buyers.Manufacture has now contributed to economic growth for two straight quarters.

Leaders of the 27 european countries will meet in brussels on wednesday.The summit is expected to focus on ways to bolster the region's faltering economy and prevent a deeper financial, orgasm is unlikely they'll produce any plans before greece holds elections in june.

Among stock options making big moves:

Urban outfitters jumped 7 portion, the greatest gain in the s 500.The clothing provider's quarterly earnings soared 29 percent, helped by strong sales and less tax rate.Group doubled its dividend to 40 cents per share.

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