| Advertisement |
NEW YORK, Jan. 27 (UPI) -- U.S. stock indexes retreated for the third consecutive session Monday after the Commerce Department said new home sales dropped in December. New home sales topped December 2012 figures but dropped 7 percent from November.
Advertisement
Markit Economics said the service sector's purchasing managers index indicated "robust" growth in January. But the report did put brakes on the three-day slide.
The Dow Jones industrial average gave up 41.23 points Monday, off 0.26 percent, to 15,837.88.
The Standard & Poor's 500 lost 8.73 points, 0.49 percent, to reach 1,781.56. The technology-dominated Nasdaq composite index dropped 44.56 points, 1.08 percent, to 4,083.61.
On the New York Stock Exchange, 825 stocks advanced and 2,316 declined on a volume of 4 billion shares.
In Japan, the Nikkei 225 index lost 385.83 points, 2.51 percent, to 15,005.73.
In Europe, London's FTSE 100 shed 113.08 points, 1.7 percent, to 6,550.66.
The 10-year U.S. treasury was yielding 2.752 percent on an 8/32 drop.
The euro traded higher at $1.3673 and the dollar was higher against the yen at 102.56 yen.
Gold lost $8.20 to close at $1,256.30 an ounce on the Comex division of the New York Mercantile Exchange. Silver shed 9 cents to settle at $19.675 an ounce.
Crude oil dropped 93 cents to close at $95.71 per barrel on the NYMEX.
On the Chicago Board of Trade, March corn was up 2.25 cents to $4.3175 per bushel. Soybeans were up 3.5 cents at $12.8825 and winter wheat dropped 1.25 cents to $5.64.
