Wall Street Was Hit By Slack U.S. Home Sales

Photo: Reuters New York-stocks on Wall Street ended negative with S&P 500 suffered the worst correction since the beginning of August. The slack of home sales in the United States (u.s.) raises concern in the eyes of inverstor.

The reason, market participants began to question about the country's economic growth rate Uncle Sam with the slack local home sales. Pressure also came from China after the Chancellor claimed would not add to the stimulus.

Home sales in the u.s. in August was down 1.8%, far from the predictions of market participants grew 1%. Property stocks also plummeted immediately.

"The home sales figures showed the U.S. economic recovery is less toned. Home sales have a significant role in the economy, with data like this become a black cloud on the capital market, "said Rex Macey, market analysts from Wilmington Trust Investment Advisors in Atlanta, Georgia, as quoted in Reuters, Tuesday (23/9/2014).

At the close of trade Monday local time, the Dow Jones Index fell 107,06 points (0,62 percent) to as low as .68, 17.172 S&P 500 Index lost 16,11 points (0.8 percent) to as low as the Composite Index 1,994, 29, and the Nasdaq plummeted 52,10 points (1.14 percent) to 4.527,69 level.

(ang/ang)

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