Agence France-PresseJuly 24, 2013 10:32
US stocks Wednesday were mostly lower after strong US home sales data revived talk of the Federal Reserve winding down its stimulus program.
About 45 minutes into trade, the Dow Jones Industrial Average fell 48.48 (0.31 percent) to 15,519.26.
The broad-based S&P 500 dropped 4.15 (0.25) to 1,688.24, while the tech-rich Nasdaq Composite Index inched up 2.31 (0.06 percent) to 3,581.59.
Mace Blicksilver, a director at Marblehead Asset Management, said a strong report on new-home sales revived talk that the Fed may soon taper its bond-buying program.