U.S. stocks end slightly lower as financial woes continue

NEW YORK (MarketWatch) — U.S. stocks on Monday wobbled lower with investors still digesting the poor results from bellwether General Electric Co., while investors received further evidence of the ailing financial sector from Wachovia Corp. At the close, the Dow Jones Industrial Average was down 23 points, or 0.2%, at 12,302, with 18 of its 30 components ending in the red. Shares of Citigroup and Banc of America each fell over 3%, while JP Morgan Chase lost 2.4%. The S&P 500 index dropped 4.5 points, or 0.3%, to 1,328, while the Nasdaq Composite lost 14 points, or 0.6%, to 2,275.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by Forextvblog

This entry was posted on Monday, April 14th, 2008 at 4:08 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.