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NEW YORK, Dec. 27 (UPI) -- U.S. market gains were held in check Tuesday by a home price report and news Sears Holdings expects to close 100 to 120 Sears and Kmart stores. The quarter-to-date decline was largely due to poor consumer electronics and home appliance sales, the company said in a statement. Retail, however, is supposed to shine in the fourth quarter. Promising early market gains were tempered by the news.
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The S&P/Case-Shiller home price report said 19 of 20 cities monitored experienced price declines in October.
By close of trading on Wall Street, the Dow Jones industrial average settled down from initial gains to shed 2.65 points, 0.02 percent, to 12,291.35.
The Standard & Poor's 500 index added 0.10 points, 0.01 percent, to 1,265.43. The tech-heavy Nasdaq composite index gained 6.56 points, 0.25 percent, to 2,625.20.
On the New York Stock Exchange, 1,543 stocks advanced and 1,460 declined on a light volume of 1.9 billion shares traded.
The benchmark 10-year treasury note rose 8/32 to yield 2.005 percent.
The euro rose to $1.3071 from $1.306. Against the yen, the dollar fell to 77.87 yen from 77.97 yen.
In Tokyo, the Nikkei 225 index shed 0.46 percent, 38.78, to 8,440.56.
In London, the FTSE 100 index gained 1.02 percent, 55.73, to 5,512.70.
