Major indexes down five straight sessions, with investors awaiting existing home sales.
U.S. stocks take a five-session losing streak into trading on Wednesday, when a report on the housing market and new testimony from Alan Greenspan will help give some guidance on the economy.
The strength of the housing market will be demonstrated by the National Association of Realtors' report on January existing home sales. Economists surveyed by Briefing.com expect the annual sales rate to have declined to 6.27 million from 6.47 million in December.
Fed Chairman Greenspan is scheduled to discuss the economic outlook and fiscal issues in testimony before the House Budget Committee.
Source: CNN Money