NEW YORK, Sept 23 (Reuters) - U.S. stocks slightly pared losses on Thursday after data showed home resales rose in August, even if activity remained severely depressed compared to pre-recession levels.
The Dow Jones industrial average dropped 31.33 points, or 0.29 percent, to 10,707.98. The Standard & Poor's 500 Index fell 4.41 points, or 0.39 percent, to 1,129.87. The Nasdaq Composite Index dipped 0.75 point, or 0.03 percent, to 2,333.80.
A gauge of leading indicators rose 0.3 percent, more than the 0.1 percent economists had forecast, suggesting economic growth will be slow in the coming months.