Existing home sales fell 2.7% month-over-month in August to an annual rate of 5.1 million units, after four straight months of increases. A 2.1% increase to an annual rate of 5.35 million units was expected.
The Dow Jones Industrial Average fell 41 points (0.4%) to close at 9,707, the S&P 500 Index lost 10 points (1.0%) to 1,051, and the Nasdaq Composite declined 24 points (1.1%) to 2,108. Crude oil fell $3.08 to $65.89 per barrel, and the Bloomberg gold spot price decreased $13.95 to $994.45 per ounce.
Magnificent Seven Update
Daily Update Of Open Positions...Stocks & ETFs
