The U.S stocks closed in a red zone today on one hand due to the gloomy decline of the world's largest economy existing home sales, that came in worse than forecasts, whereas on the other hand the Federal Reserve will pull back a bit on its stimulus packages that are meant to support the credit markets, moreover oil prices dropped to a 1-month low leading energy shares to drop.

The Dow Jones Industrial Average index shed 41.11 points or 0.42% to close at 9707.44, The Standard & Poor’s 500 Index lost 10.09 points or 0.95% to close at 1050.78, The NASDAQ Composite Index shed 23.81 points or 1.12% to close at 2107.61.