BLBG: U.S. Stocks Trim Losses After Existing Home Sales Top Forecasts
By Michael P. Regan
May 24 (Bloomberg) -- U.S. stocks trimmed losses after existing home sales topped economists’ forecasts in April as buyers took advantage of the last weeks of a government tax credit.
The Standard & Poor’s 500 Index declined 0.5 percent to 1,082 at 10:06 a.m. in New York after slumping as much as 0.9 percent. The Dow Jones Industrial Average lost 64.54 points, or 0.6 percent, to 10,128.85
