Stocks were mostly flat but trying for gains in midday trading Tuesday on the back of the latest housing data. At the same time, traders still kept a close eye on the pullback in the U.S. dollar. New home sales in February came in surprisingly better than expected. Despite the winter weather, home sales last month rose 7.8%. The Commerce Department says it was the highest level in seven years. A bullish revision on Wall Street pushed Netflix (NFLX) higher. Barclays raised is price target for the stock by $50 to $450 a share. Whiting Petroleum (WLL) dropped 20% after it was halted for trade at the open to announce its stock offering. The largest producer of Bakken shale formation plans to issue 35 million shares of common stock and $1.75 billion in debt to raise cash and squash rumors of a potential acquisition.
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