US markets slip for third day

US markets slipped on Friday as a weak housing data disappointed investors. The Dow dropped 42 points to 9,665. The Nasdaq shed 17 points to 2,091.

Indian ADRs were mixed. Dr Reddy's rose for the second day to end up 5% at $20.5. Mahindra Satyam and Tata Communications added 2% each to $6.23 and $19.69, respectively. HDFC Bank was up 1%.

Meanwhile, Infosys and Sterlite dropped 1% each to $46.64 and $15.26, respectively.