Stock Market Today: U.S. Stocks Slip as Housing Data Disappoints; Fed to Meet Wednesday

NEW YORK (TheStreet) -- Benchmark U.S. stock indices slipped on Monday as housing data came in weaker than expected and geopolitical tensions continued to make Wall Street anxious. Investors await this week's Federal Reserve policy announcement and second-quarter GDP figures on Wednesday and July government jobs report on Friday.

The Dow Jones Industrial Average (DIA) was down 0.13% to 16,939.15. The S&P 500 was down 0.23% to 1,973.72. The Nasdaq (QQQ) was down 0.45% to 4,429.65.

June pending home sales slipped 1.1% month on month to 102.7, well below analysts' estimates for a 0.3% gain. Last month's decline compares to May's 6% increase. 

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Markets were mixed in Europe on a mixed bag of results this morning and with little by way of direction from economic data. Germany's market -- still more sensitive to events in Ukraine than elsewhere in Europe -- was down, while London and Paris were in positive territory.

In Asia, the Shanghai Composite rose 2.41% to 2,177.95, after official data showed industrial profits in China rose 17.9% in the year to June. In Hong Kong the Hang Seng closed up 0.88% at 24,428.63 and in Tokyo, the Nikkei 225 was up 0.46% at 15,529.4.

U.S. stock markets slipped on Friday as some of the largest names, including Amazon (AMZN) and Visa (V), reported unimpressive earnings.

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