US stocks were broadly lower on Thursday as a bigger-than-expected drop in home resale's prompted concerns about weakness in the economy, offsetting optimism about a strong profit report from eBay Inc.
Sales of previously owned homes took the biggest tumble in 17 years in December, a report by a Realtors' group said, feeding expectations that a weaker economy will slow corporate profit growth.
The Dow Jones industrial average was down 89.17 points, or 0.71 percent, at 12,532.60. The Standard & Poor's 500 Index was down 11.50 points, or 0.80 percent, at 1,428.63. The Nasdaq Composite Index was down 22.90 points, or 0.93 percent, at 2,443.38.
Shares of eBay jumped 7.4 percent to $32.22, putting the stock on track for the largest one-day jump in eight months. The online marketplace reported earnings that topped Wall Street's expectations on Wednesday.
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