NEW YORK, Jan. 25 (UPI) -- U.S. markets were jostled early Wednesday after British officials said Britain's gross domestic product fell further than expected.
The National Office of Statistics said Britain's GDP, the broadest measure of an economy's health, dropped 0.2 percent in the fourth quarter. Economists had expected a drop of 0.1 percent.
The U.S. Federal Housing Finance Authority said home prices in the United States rose 1 percent October to November. In a separate report, the National Association of Realtors said the Pending Home Sales Index fell 3.5 percent in December, a drop 2.5 percentage points further than expected.
In midmorning trading on Wall Street, the Dow Jones industrial average lost 77.43 points, 0.61 percent, to 12,598.32. The Standard & Poor's 500 index lost 4.23 points, 0.32, to 1,310.42. The Nasdaq composite index swing higher, adding 6.08 points, 0.22 percent, to 2,792.72.
The benchmark 10-year treasury note was yielding 2.064 percent.
The euro fell to $1.2965 from Tuesday's $1.3037. Against the yen, the dollar rose to 78.24 yen from Tuesday's 77.67 yen.
In Tokyo, the Nikkei 225 index rose 1.12 percent, 98.36, to 8,883.60.
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