The New York Times
Fri, October 30, 2009 -- 4:12 PM ET
-----
Stocks Slide on Signs of Consumer Weakness; Dow Falls Nearly 250 Points
Stocks plunged Friday in the face of weak consumer data,
erasing a powerful rally the day before and ending a pattern
of monthly gains.
By the end of trading, the three major stock averages had
more than given up the 2 percent gains they made on Thursday,
when enthusiasm over economic growth data sent stocks
surging.
The Dow Jones industrial average closed down 250.15 points,
or 2.51 percent, to 9,712.43, according to preliminary
calculations. The Standard and Poor's 500-stock index was off
29.92 points, or 2.81 percent, to 1,036.19 and the Nasdaq
composite showed a decline of 52.44 points, or 2.50 percent,
to 2,045.11. Until Friday, both the Standard and Poor's and
Nasdaq had posted back-to-back gains for seven months.
Read More:
http://www.nytimes.com/2009/10/31/business/31markets.html?hp&emc=na
-----
Now get New York Times breaking news alerts sent to your mobile phone.
Sign up by texting NEWSALERTS to 698698 (NYTNYT).
-----
About This E-Mail
You received this message because you are signed up to receive breaking news
alerts from NYTimes.com.
To unsubscribe, change your e-mail address or to sign up for daily headlines
or other newsletters, go to:
http://www.nytimes.com/email
NYTimes.com
620 Eighth Ave.
New York, NY 10018
Copyright 2009 The New York Times Company
No comments:
Post a Comment