Daily Market Wrap: August 22, 2012

Market News Video
August 22, 2012 AT 8:56 PM
The markets extended their losses amid lackluster economic data and worries over the euro zone but stocks made a bit of a recovery this afternoon after the latest Fed minutes suggested stimulus may be on the way. On the economic front, Existing home sales rose by a less than expected 2.3 percent in July, to an annual rate of 4.47 million units.