US Pending Home Sales (MoM): -0.4% in Feb; 8.4% (YoY)

Mar 27, 2013

American equity markets fall on European concerns

The US Stock market edged lower Wednesday on European concerns, which have run rampant out of Italy, and coupled with weak Confidence in the Eurozone, has left investors spooked. Beginning with the indices and composites, the NASDAQ fell -0.65% as it settles in region of 3231.51, down -21.03 points in these moments. In addition, the S&P 500 is trading in negative territory, operating at 1554.58, descending -9.48 points or -0.61% at the time of writing. Finally, the Dow Jones has edged lower at the opening, trading in the zone of 14465.88, presently -0.64% after a movement of -93.77 points.

US: Pending Home Sales falls 0.4% in February

Pending home sales fell -0.4% in February, more than the expected -0.2%. January data was revised lower from 4.5% to 3.8%. The annualized figure eased from 9.5% to 8.4%.