Stocks Slide In Cautious Trading After Rally

By: Associated Press Email
By: Associated Press Email

Stay up-to-date with KAKE News:

Friday, May 15, 2009

Investors have pulled more money out of stocks, further chilling Wall Street's spring rally.

Stocks are down Friday as traders who grew accustomed to economic news being "less bad" found little incentive to buy.

The Labor Department said consumer prices in April were flat, as economists predicted. Industrial production contracted less than economists expected.

Investors are worried the market's 30% rally from its March low has little energy left.

The Dow Jones industrial average is down 62 at 8,268. For the week, the Dow is down 3.6%.

The S&P 500 index is down 10 at 883. The Nasdaq composite is down 9 at 1,680.

Two stocks fell for every one that rose on New York Stock Exchange, where volume came to a light 1.5 billion shares.

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
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 45131762 -
Gray Television, Inc.