Dismal Data

Housing Numbers Drag Down Dow

Here’s your daily dose of economic data, and it doesn’t taste good: Home resales fell 3 percent in February after the National Association of Realtors originally reported they rose 5.1 percent. The stock market dropped about 60 points on the news. Meanwhile, The Associated Press reports that jobless claims rose more than expected, up to 640,000 from 613,000 instead of the projected 635,000. Total claims for unemployment benefits are over 6.1 million.