NEW YORK (Reuters) - U.S. stocks extended losses on Tuesday after data showed sales of previously owned U.S. homes dropped more steeply than expected in July to their lowest pace in 15 years, implying further loss of momentum in the economic recovery.
The Dow Jones industrial average <.DJI> dropped 154.92 points, or 1.52 percent, to 10,019.49. The Standard & Poor's 500 Index <.SPX> fell 18.05 points, or 1.69 percent, to 1,049.31. The Nasdaq Composite Index <.IXIC> lost 40.23 points, or 1.86 percent, to 2,119.40.
