U.S. markets falter Thursday

September 24, 2009

U.S. markets stumbled Thursday after the National Association of Realtors said existing home sales fell 2.7 percent in August.

The downturn ended a four-month streak of gains as sales fell to an adjusted annual rate of 5.1 million units, the NAR said.

By close, the DJIA lost 0.42 percent, 41.11 points, to 9,707.44. The Standard & Poor’s 500 fell 0.95 percent, 10.09 points, to 1,050.78. The Nasdaq composite index fell 1.12 percent, 23.81 points, to 2,107.61.

On the New York Stock Exchange, 714 stocks advanced and 2,306 declined on a volume of 5.5 billion shares traded.

The benchmark 10-year Treasury rose 9/32 to yield 3.383 percent.

The euro fell to $1.4656 from Wednesday’s $1.4743. Against the yen, the dollar fell to 91.26 from Wednesday’s 91.31 yen.

In Tokyo, the Nikkei 225 index added 173.68 points, 1.67 percent, to 10,544.22.

In London, the FTSE 100 index lost 1.17 percent, 60.10 points, to 5,079.27.

Source: upi

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