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Wall Street erases losses after positive housing data - chairman - 08-17-2015 Wall Street erases losses after positive housing data Reuters - Wall Street erased earlier losses to notch modest gains in late morning trading on Monday after data showed that U.S. homebuilder sentiment rose in August to its highest level in nearly a decade. U.S. stocks had fallen at the open after data showed a surprise fall in manufacturing activity in the state of New York in August.