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Housing Data Shake U.S. Stocks

Stock quotes in this article: DOW , F , LLY , MSFT , NCC , QCOM , XMSR , SIRI  

Updated from 10:58 a.m. EDT

U.S. stocks opened weak, fell sharply, then stayed down Thursday as investors digested worse-than-expected data concerning the capsized housing market.

The Dow Jones Industrial Average was down 129 points to 11,502, while the S&P 500 dropped 14 points to 1268. The Nasdaq gave up 21 points to 2305.

The National Association of Realtors reported that existing-home sales declined 2.6% to 4.86 million units in June, falling short of economists' expectations for 4.95 million units. Median single-family home prices fell 6.1% year over year in June. ...

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