Stocks Fall After 4-Week Rally; Dow Below 8,000

By: Associated Press Email
By: Associated Press Email

Stay up-to-date with KAKE News:

Monday, April 6, 2009

Wall Street is retreating after a four-week rally as investors fear trouble from looming first-quarter earnings reports and more woes for banks.

Traders were also disappointed that talks stalled between IBM and Sun Microsystems, a sign that the market is still not able to support big merger deals.

Meanwhile, a report from a leading analyst predicting more losses at banks is hurting financial stocks.

First-quarter earnings season kicks off Tuesday with a report from Alcoa.

At midday, the Dow is down 128 to 7,889. The Standard & Poor's 500 index is down 16 to 826, while the Nasdaq composite index is down 36 to 1,584.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 42522167