Pending home sales for January fell 7.7%, much larger than the estimate of -3.5%. December's rise, the first since August—was revised from a 6.3% gain to a 4.8% advance.
The Dow Jones Industrial Average lost 37 points (0.6%) to close at 6,726, the S&P 500 Index fell 4 points (0.6%) to 696, and the Nasdaq Composite declined 2 points (0.1%) to 1,321. Crude oil rose $1.50 to $41.65 per barrel, and gold decreased $10.15 to $915.95 per ounce.
Magnificent Seven Update
Daily Update of Open Positions...Stocks & ETFs
