Session Ends in the Red

Indices ended slightly in the red zone on Wednesday. Financial and technology brands traded lower amid a variety of economic news and continued political disarray in Greece. Housing starts increased in April. The Commerce Department said new housing construction jumped 2.6% to 717,000 annualized units from an upwardly revised 699,000 units in March. In earnings action, Target said first-quarter net earnings hit $697 million, or $1.04 a share, up from $689 million, or 99 cents a share, a year ago. Elsewhere, crude oil shed $1.17 to settle at $92.81 a barrel.

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