The markets opened lower as another report of falling home prices triggered worries of a prolonged housing slump. The Dow lost 76 points to 12,748 while Nasdaq fell 18 points to 2389.
On the upside
In the broad market, declining issues outpaced advancers by
a margin of more than 2 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq.
The Russell 2000 which tracks small cap stocks lost 8 points to 709.