The markets opened lower as investors digested the latest report on falling home prices. The Dow lost 42 points to 12,721 while Nasdaq fell 18 points to 2387.
On the upside
In the broad market, declining issues outpaced advancers by
a margin of nearly 2 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The
Russell 2000 which tracks small cap stocks dropped 7 points to 700.