On Tuesday, the US stock indices ended down. A record decline in existing home sales increased concerns of the investors regarding the economic stance.
Dow Jones Industrial Average fell by 133.96 points or by 1.32% to 10040.45 points, it was the 4th consecutive decrease. At the moment the index is by 4.07% below the last month reading or by 3.72% under the same period of the last year. Nasdaq Composite tracked down by 35.87 points or by 1.66% to 2123.76 points. Standard & Poor's 500 declined by 15.49 points or by 1.45% to 1051.87, while the raw sector was leading the fall. Boeing stocks, which were the weakest Dow component on Tuesday, descended by $2.37 or by 3.7% to $60.93. Alcoa lost $0.31 or 3% and cost $10.06, and Caterpillar downgraded by $1.80 or by 2.7% to $65.04. Such reduction followed the release of the data showing the plunge in existing home sales in the USA by record 27.2% which is the lowest in 15 years level. This data was the last in the series of gloomy economic reports demonstrating the economic deceleration. Weak reports were released in spite of the recent growth of activity in merger, which are usually viewed at as a sign of confidence increase in the economy.
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