US STOCKS SNAPSHOT-Wall St pares losses after housing data

NEW YORK, May 24 (BestGrowthStock) – U.S. stocks (Read more about the stock market today. ) pared losses in
volatile trading on Monday after data showed sales of
previously owned U.S. homes rose more than expected in April to
a five-month high.

The Dow Jones industrial average (.DJI: ) lost 64.24 points,
or 0.63 percent, to 10,129.15. The Standard & Poor’s 500 Index
(.SPX: ) fell 4.94 points, or 0.45 percent, to 1,082.75. The
Nasdaq Composite Index (.IXIC: ) gained 1.38 points, or 0.06
percent, to 2,230.42.

Shortly after the data was released, the Dow briefly hit a
session low that took the index down more than 1 percent.
Stocks opened mostly lower amid investor worries about Europe’s
debt situation after Spain bailed out a local bank.

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(Editing by Padraic Cassidy)

US STOCKS SNAPSHOT-Wall St pares losses after housing data