July 15, 2010
Updated Feb 25, 2009 at 5:02 PM CDT
NEW YORK (Reuters) - U.S. stocks fell Wednesday
as more weak housing data reinforced fears about the economy,
while banks weakened in late trading after the government
launched tests to gauge their ability to withstand a long and
deep recession.
* Sales of previously owned U.S. homes plunged much more
than expected January, pulling homebuilders down 2.1 percent.
* After a choppy session that saw indexes swing both up and
down, the Dow Jones industrial average fell 80.05
points, or 1.09 percent, to 7,270.89. The Standard & Poor's 500
Index lost 8.25 points, or 1.07 percent, to 764.89. The
Nasdaq Composite Index was down 16.40 points, or 1.14
percent, at 1,425.43.
(Reporting by Leah Schnurr; Editing by Leslie Adler)
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