Dow Falls 41 as Home Sales Sink

Oil falls to 2-month low
By Nick McMaster,  Newser Staff
Posted Sep 24, 2009 3:22 PM CDT
Edward Zeller of Barclays Capital, left, and Steven Schnibbe of Blue Point Securities work on the floor of the New York Stock Exchange, Thursday, Sept. 24, 2009, in New York.   (AP Photo/Henny Ray Abrams)
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(Newser) – Stocks dropped today after the National Association of Realtors reported existing-home sales fell 2.7% in August, the first decline after a 4-month winning streak. The drop in the housing market sent materials stocks lower, with Alcoa down 4.6%. Crude oil also fell $3.08 to $66.09 a barrel, its lowest level in 2 months. The Dow dropped 41 points to 9,707. The Nasdaq lost 24 points, settling at 2,108, and the S&P 500 fell 10 points to close at 1,051, the Wall Street Journal reports.