Existing homes sales fell 2.2% in August to an annual rate of 4.91 million units, below the forecast of 4.94 million units, while inventories fell from 10.9 months to 10.4 months.
The Dow Jones Industrial Average lost 29 points (0.3%) to close at 10,825, the S&P 500 Index dipped 2 points (0.2%) to 1,186, while the Nasdaq Composite advanced 2 points (0.1%) to 2,156. Crude oil dropped $0.88 to $105.73 per barrel, and gold declined $5.30 to $885.90 per ounce.
Magnificent Seven Update
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