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Summary Box: Drop in home sales hurts stock market
Author:  Published:2010-06-23  Views: 2092
 

  ANOTHER SLIDE: Stocks gave up early gains to end lower for a second day Tuesday after an unexpected drop in sales of existing homes last month raised concerns about the economy's recovery.

  LOSING ENERGY: The White House's pledge to appeal a judge's ruling overturning a ban on deepwater drilling in the Gulf of Mexico hurt energy stocks.

  TECHNICAL PROBLEMS: The market's slide intensified in afternoon trading after the benchmark Standard & Poor's 500 index fell below 1,111, its average finish of the past 200 days. Traders see a move below this level as a predictor of more selling.

 
 
     
 
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