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Post Info TOPIC: Stocks Drop After Latest News

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Date: Aug 5 12:41:43 2009
Stocks Drop After Latest News

Stocks fell on Wednesday after a major rally the previous day.  The decline came after unflattering economic news, showing that private unemployment dropped more than 370,000 last month.

Employment slid to 41.5 compared to 43.5 and new orders dropped  to 48.1 from 48.6.  Factory orders jumped to .4%, which beat the 1% projected decline. 

As of now the Dow Jones Industrial is at 9,266.84 -53.35 (-0.57%)

The Nasdaq is  at   1,989.89 -21.42 (-1.06%)

The S&P 500 is at   1,001.26 -4.39 (-0.44%)

-- Edited by newsbot on Wednesday 5th of August 2009 12:43:17 PM


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