While many investors may see this as a good opportunity to re-enter the market, they will likely be more choosy on their return.

Sales rose  from a year ago and had the biggest annual increase ever recorded for the index, while  construction spending was flat overall in October.

Commercial property is facing a tough time, but reports that it is likely to collapse triggering a second round of the recession are exaggerated, three billionaire investors told CNBC Tuesday.

More people were late with their auto loan payments in the third quarter as job losses continued, but amid rising delinquencies there are positive signs for the economy in certain states.

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Efforts by Dubai World to restructure about $26 billion in debt out of the estimated $59 billion it owes reassured investors that the emirate's debt problems can be contained.

Dubai's index closed nearly 6 percent down Tuesay, extending losses for a second consecutive day as investors continued to sell, despite the latest statement from Dubai World which sought to clarify the conglomerate's debt restructuring.

DBS Group, Southeast Asia's top lender, said on Monday its total exposure to Dubai is about S$1.8 billion ($1.28 billion), after worries about Middle Eastern debt drove its stock down 3
percent.

Faced with sluggish progress in its foreclosure-prevention effort, the Obama administration will spend the coming weeks cracking down on mortgage companies that aren't doing enough to help borrowers at risk of losing their homes.

The US Treasury announced plans to push lenders to modify more loans after the administration's $75 billion housing rescue plan, called Making Home Affordable, fell short and foreclosures continued rising.

Investors are watching to see if Abu Dhabi will use its wealth to bail out Dubai, the deeply indebted emirate that shook world markets when it said last week that its chief investment arm, Dubai World, would not be able to pay its debts on time. The New York Times reports.

Restructuring of Dubai World's liabilities is unlikely to threaten credit quality of the United Arab Emirates' federal government and the holder of most of its oil wealth Abu Dhabi, ratings agency Moody's said on Monday.

Bank of America is sending its credit card customers a one-page letter with a simple explanation of the interest rates and fees they're being charged starting Monday.

The Dubai government disclaimed responsibility for the debts of its Dubai World conglomerate, crushing earlier assumptions by creditors that the emirate would guarantee its liabilities.