Stocks Retreat Over Financial, Telecom News ; Dow Dips Below 9,000 Mark
The Washington Times › January 06, 2009
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Summary
Wall Street easily digested reports Monday of expected plummeting sales for December by the auto industry but the Dow turned south when telecom and financial stocks slumped.
Market indexes held their own for most of the day, with both the tech-heavy Nasdaq and the benchmark Standard & Poor's 500 inching into positive territory. But they soured during late trading along with the Dow Jones Industrial Average, which dipped below the 9,000 mark that it had passed Friday.See the full content of this document
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Stocks Retreat Over Financial, Telecom News ; Dow Dips Below 9,000 Mark
The Dow dropped 81.80, or 0.91 percent, to 8,952.89. The Nasdaq fell 4.18, or 0.26 percent, to 1,628.03. The S&P sank 4.35, or 0.47 percent, to 927.45.
Steven Goldman, the chief m...See the full content of this document
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