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Dow Jones: Stocks Fall After Disappointing U.S. Home Sales Numbers

Published 09/23/2014, 01:36 AM
Updated 04/25/2018, 04:40 AM
DJA
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Dow Jones

The Dow 30 fell 0.62%. U.S. stocks fell on Monday after existing U.S. home sales numbers disappointed investors, while a selloff in small-cap stocks sent broader indices falling as well. U.S. stocks drop on U.S. data, small-cap rout; Dow falls 0.62% U.S. stocks drop on soft existing home sales numbers The National Association of Realtors reported earlier that existing home sales in the U.S. unexpectedly fell 1.8% to an annual unit rate of 5.05 million in August. Analysts had expected existing home sales to rise 1% to 5.20 million units. The numbers sent U.S. stock prices falling on Monday in a selloff led by plunging small-cap stocks, which investors viewed as underperforming. Elsewhere, stocks took a hit after China ruled out implementing more stimulus programs to shore up its economy.

Dow Jones Hour Chart

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