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Stock Market News Today, Jan. 27: U.S. stocks are compounding last week's selloff, with all three major indices dropping into the red as home sales fell 7% in December.
The Dow Jones Industrial Average fell 41.23 points, or 0.3%, to 15,837.75; the S&P 500 fell 0.5%, or 8.73 points, to 1,781.56; and the Nasdaq fell 1.1%, or 44.56 points, to 4,083.61.
Stock futures began the session trading in positive territory amid more positive corporate earnings reports, including from Caterpillar (NYSE: CAT), but dropped amid the dire home sales report, which also revealed that home sales were up 16.4% for the year over last year, according to the U.S. Department of Housing and Urban Development.
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