Markets fell in the red after dispointing existing home sales results, low commodity prices forced investors to sell to take profits. Earlier in the day there was a very light ray of good news from the Labour Department that new unemployment claims fell better than expected.
Mark Bronzo, a money manager at Security Global Investors, said: "The housing data disappointed and investors will be looking for signs that the Fed will pull back a bit on the stimulus. The stock market is tired and we may see a sell-off going to the end of the quarter.”