CORRECTION – NEW YORK – US STOCKS SNAPSHOT-Wall St dips further after home sale data

NEW YORK, Aug 25 (BestGrowthStock) – U.S. stocks (Read more about the stock market today. ) briefly extended
losses on Wednesday after data showed single-family home sales
fell in July to set their slowest pace on record, while prices
were the lowest in more than 6-1/2 years, implying further loss
of momentum in the economic recovery.

The Dow Jones industrial average (.DJI: ) dropped 64.25
points, or 0.64 percent, to 9,976.20. The Standard & Poor’s 500
(.SPX: ) fell 8.31 points, or 0.79 percent, to 1,043.56. The
Nasdaq Composite (.IXIC: ) lost 13.16 points, or 0.62 percent, to
2,110.60.

The S&P 500 index found support near 1,040, a level closely
watched by technical analysts.

CORRECTION – NEW YORK – US STOCKS SNAPSHOT-Wall St dips further after home sale data