US blue chips dropped further on Wednesday as pessimism over the QE3 weighted down on market sentiment. Negative headlines from Eurozone also pressurized US equities. However, the downswing was limited by the US new home sales data. US home sales missed expectations in August but remained close to two-year high. The Dow Jones Industrial Average Index slid 0.33% to close at 13,413.51. All sectors apart from basic materials and telecommunications retreated. Alcoa and El du Pont de Nemours climbed 0.57% and 0.10%. Telecommunications were mixed, with AT&T adding 0.11% and Verizon Communications falling 0.07%. At the same time, financials created heavy pressure on the US blue chips index. Shares of American Express, Bank of America and Travelers Cos sank 1.73%, 1.12% and 1.02%, respectively. Oil and gas firms also were bullish amid falling crude oil prices. Chevron and Exxon Mobil slumped 0.55% and 0.61%.