While you were sleeping: US home sales drop

Mon, 22 Sep 2014

By Margreet Dietz Sept. 23 (BusinessDesk) - Equities on both sides of the Atlantic declined, along with commodities including nickel, copper, and oil after an unexpected drop in US existing home sales and comments by China suggesting it might not aim to bolster economic growth as much as expected. In late afternoon trading in New York, the Dow Jones Industrial Average fell 0.43 percent, the Standard & Poor’s 500 index dropped 0.72 percent, while the Nasdaq Composite Index retreated 1.28 percent. Declines in shares of Nike and those of...

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