NEW YORK CITY-The stock market plummeted for a fourth day afteran unsatisfying report on housing exacerbated concerns of USeconomic recovery. Due to the news that home sales fell by 27% inJuly, the Dow Jones Industrial Average lost 134 points onTuesday.
The shares of Dow dropped below 10,000 and within four days ithas lost up to 375 points. The high unemployment rate and theexpiration of homebuyer tax credit were the main factors keepinghome sales down. For the full story, go to The Detroit Free Press.
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