US stocks declined on Tuesday after a report showed existing home sales fell more than expected, hinting at weaker consumer spending, and oil held above $65 a barrel, raising concern that energy costs may cut into corporate profits.
Citigroup Inc, a Dow component, fell 1.7 percent to $43.44 and was the biggest percentage decliner in the blue chip average a day after the company said Marjorie Magner, its consumer banking chief, will leave the world's largest financial institution.
The Dow Jones industrial average was down 52.86 points, or 0.50 percent, at 10,517.03. The Standard & Poor's 500 Index was down 5.25 points, or 0.43 percent, at 1,216.48. The technology-laced Nasdaq Composite Index was down 7.28 points, or 0.34 percent, at 2,134.13.