U.S. stocks fall on weak U.S. home sales

U.S. stocks fall on weak U.S. home sales
NEW YORK, Sept. 5 (UPI) --

U.S. stock indexes fell Wednesday morning after a realty report said U.S. pending-home sales were their weakest since 2001.

The Dow Jones industrial average tumbled 168.43 points, or 1.25 percent, to 13,280.43 in mid-morning trading. The broader Standard & Poor's 500 Index lost 18.30 points, or 1.23 percent, to 1,471.12.

The technology-heavy Nasdaq Composite Index shed 20.74 points, or 0.79 percent, to 2,609.50.

Japan's Nikkei 225 index finished the day down 262.02 points, or 1.6 percent, at 16,158.45.

The benchmark 10-year U.S. Treasury note rose 18/32, yielding 4.482 percent, while the 30-year bond was up 27/32, yielding 4.783 percent.

The U.S. dollar fell to 115.22 yen from 116.24 yen in New York late Tuesday. The euro fell to $1.3653 from $1.3609.