The markets treaded lower levels as investors mulled over falling new home sales prices and higher oil prices. The Dow fell nearly 100 points to 12,432 while Nasdaq gave up 16 points to 2324.
On the upside
On the downsideDow Jones component Citigroup (NYSE: C) lagged along with the rest of the financial services sector. An analyst lowered profit estimates for the banking giant.
In the broad market, declining issues outpaced advancers by a margin of nearly 2 to 1 on the NYSE and by 2 to 1on Nasdaq. The Russell 2000 which tracks small cap stocks fell 3 points to 702.