PRLog (Press Release) — Jun 26, 2010 — Stock investors will anxiously await the crucial June jobs data next week for clues on how the U.S. An index of pending home sales for May will be closely watched after recent housing market reports suggest the sector's recovery could stall with the expiration of a federal tax credit for first-time home buyers that was created to fire up housing demand.

While a drop was expected, due to the expiration of a federal tax credit for home buyers at the end of April, the number was worse than thought and helped sap momentum from an already risk-averse market.

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