BUSINESS INFORMATION - Stocks on Wall Street slumped Thursday local time

Index of technology stocks Nasdaq composite fell 23.81 points (1.12 percent) to 2107.61 and the market index, the broader Standard & Poor `s 500 shrank 10.09 points (0.95 percent) to 1050.78.

Market down to a positive start after a report showed new U.S. unemployment claims fell last week to 530,000, highlighting a pelambat out of recession.

The number of new claims fell 21,000 in the week to 19 September from the previous week revised 551,000, Department of Labor reported, marking the third successive weekly decline in a row.

But the market turned around after a real estate industry survey showed sales of existing homes (existing home) in the U.S. fell 2.7 percent in August due to a fever buy reduced after four consecutive months of increases.

Celia Chen of Moody `s Economy.com said the housing market rebounds is still important to U.S. economic recovery and that may endanger the seizure with a high level.

Mike Fitzpatrick of MF Global said the market failed to be entertained by the comments from the Federal Reserve Wednesday that economic activity is "increasing" and other comments focused on the central bank which suggested a weak recovery.

Market action came after a session Wednesday fragile, looking up and down before the action following the announcement of selling the Federal Reserve will attempt to maintain the stimulus to support the fragile economic recovery.

Scott Marcouiller from Wells Fargo says the Fed's statement "the stock market friendly" but he noted that "caution flags have increased by poor closure," which may suggest investors are ready to lock some profits.


Some analysts said the setback may be allowed a six-month-old rally to get a second wind.

Among stocks in focus, Citigroup fell 1.99 percent to 4.43 dollars after the banking giant reported and the main recipient of U.S. bailout that would reduce the branch network in the United States.

In the technology sector, Red Hat increased 12.34 percent to 27.95 dollars after the consulting firm open-source software that triwulannya reported stronger earnings than expected.

Microsoft rose 0.89 percent to 25.94 after denying reports will attempt to acquire game maker Electronic Arts, which fell 2.72 percent at 19.29 dollars.

Bonds rise amid investor caution. Results in U.S. government bonds were 10-year fell to 3.381 percent from 3.418 percent Wednesday and the 30-year bond slid to 4.174 percent from 4.195 percent. Prices and the bonds move in opposite directions.