Existing home sales for April rose 2.9% month-over-month to an annual rate of 4.68 million units, higher than the forecast of 4.66 million and a 2.0% increase, but there was a downward revision to March sales to 4.55 million from 4.57 million, marking a 3.4% fall in March.
The Dow Jones Industrial Average lost 173 points (2.0%) to close at 8,300, the S&P 500 Index fell 17 points (1.9%) to 893, and the Nasdaq Composite declined 19 points (1.1%) to 1,731. Crude oil rose $1.00 to $63.45 per barrel, and gold declined $1.00 to $951.00 per ounce.
Magnificent Seven Update
Daily Update Of Open Positions...Stocks & ETFs
