(Reuters) - Stocks extended losses on Wednesday after data showed new single-family home sales fell slightly in October and the government revised sharply lower its estimate for the prior month's sales, denting optimism over one of the brighter sectors of the economy.
The Dow Jones industrial average .DJI dropped 104.82 points, or 0.81 percent, to 12,773.31. The Standard & Poor's 500 Index .SPX lost 12.81 points, or 0.92 percent, to 1,386.13. The Nasdaq Composite Index .IXIC fell 30.76 points, or 1.04 percent, to 2,937.03.
(Reporting by Chuck Mikolajczak; Editing by Kenneth Barry)
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