NEW YORK (Reuters) - Stocks briefly extended losses on Wednesday after data showed single-family home sales fell in July to set their slowest pace on record, while prices were the lowest in more than 6-1/2 years, implying further loss of momentum in the economic recovery.
The Dow Jones industrial average <.DJI> dropped 64.25 points, or 0.64 percent, to 9,976.20. The Standard & Poor's 500 <.SPX> fell 8.31 points, or 0.79 percent, to 1,043.56. The Nasdaq Composite <.IXIC> lost 13.16 points, or 0.62 percent, to 2,110.60.
The S&P 500 index found support near 1,040, a level closely watched by technical analysts.
