CNBC's Rebecca Jarvis - Wall Street seeing a down day, the Dow finishing lower by 36 points, the NASDAQ down 16 points, the S&P 500 loosing 7 points. More negative housing market news driving stocks lower, pending home sales following in February to the lowest level since the index started in 2001. Some economists predicting another 5 to 10% decline before the index picks up again and there is more on the mortgage front, the US’s largest savings and loan, Washington Mutual raising USD 7 billion through an investment group led by private equity firm TPG, also slashing its quarterly dividend to a penny.

On the radar for tomorrow, Wall Street keeping a close watch on earnings reports, Electronics retailer Circuit City on deck, expected to post a lost there, in fact Federal Reserve chief Ben Bernanke and Dallas Fed Bank President, Richard Fischer will both be out on the stump, talking about the US economy.

Wall Street Action:

• Dow down 36 pts, Nasdaq loses 16 and S&P 500 drops 7 pts
• Negative housing mkt news driving stocks lower
• Feb pending home sales slip to lowest level Washington Mutual to raise $7 bn, cuts dividend, expects larger than expected Q1 loss
• Fed Chmn Bernanke & Dallas Fed Bank president Richard Fischer to talk on US economy tomorrow