Wall Street closed low on yesterday, with the Dow Jones index falling down by 0.74 per-cent to settle at 16,516. Data released overnight concluded pending home sales in US fell down by 2.5 per-cent in the month of Jan. Mcx Crude oil rose, but failed to lift the sentiment.
On Friday last week, US GDP for q4(fourth quarter) was revised to 1 per-cent yearly rate, instead of the previously reported 0.7 per-cent growth. Economists polled by Reuters had expected that GDP growth Q4 would be revised down to a 0.4 per-cent pace.
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