US STOCKS-Wall St falls on euro zone fears, home prices

* Euro hits 10-week low vs USD, dips below $1.30

* Monthly home prices fall more than expected-Case-Shiller

* Indexes down: Dow 0.3 pct, S&P 0.4 pct, Nasdaq 0.7 pct

* For up-to-the-minute market news see [STXNEWS/US]
(Updates to midmorning, adds quote, consumer confidence

By Rodrigo Campos

NEW YORK, Nov 30 (BestGrowthStock) – U.S. stock indexes fell on
Tuesday on lingering worries that the euro zone debt crisis
will spread and as data showed monthly home prices fell much
faster than expected.

The euro slid to 10-week lows against the U.S. dollar,
after a weekend rescue package for Ireland did little to stem
fiscal concerns. The euro and stocks have been trading in sync
with each other in recent weeks as European debt problems
resurfaced, driving investors away from risky assets.
For details, see [ID:nLDE6AT18Y]

“The idea of a contagion is being taken more seriously both
in the European Union and how it might affect (U.S.) markets,”
said David Katz, principal & senior portfolio strategist at
Weiser Capital Management LLC.

The Dow Jones industrial average (.DJI: ) dropped 33.38
points, or 0.30 percent, to 11,019.11. The Standard & Poor’s
500 (.SPX: ) fell 5.05 points, or 0.43 percent, to 1,182.71. The
Nasdaq Composite (.IXIC: ) lost 17.79 points, or 0.70 percent, to

The latest S&P/Case-Shiller home prices data disappointed
investors, as monthly prices fell more than expected in
September, and prices from a year earlier rose more slowly than
forecast. [ID:nNLLTME6O7]

The Dow Jones home construction index (.DJUSHB: ) edged up
0.3 percent after closing Monday at its lowest since July

But U.S. consumer confidence rose in November to its
highest level in five months, helped by improving labor market
conditions. [ID:nN30178922]

Global investors increased their exposure to equities in
November despite weaknesses on many bourses, while U.S. and
British fund managers stepped away from crisis-hit euro zone
bonds, a Reuters poll found.

For details on Reuters’ latest asset allocation poll, see
[ID:nN29202856] [ID:nLDE6AT0HU] and [ID:nLDE69R0FD]
(Reporting by Rodrigo Campos; editing by Jeffrey Benkoe)

US STOCKS-Wall St falls on euro zone fears, home prices