metlife2 -...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon 2366648304.html/print?x=0 Stocks slide as new home sales fall Stocks tumble as new home sales post surprise drop for September; Dow falls 119, Nasdaq slumps 56.48, and the broader S&P 500 index fell for the fourth straight day – sliding 20.78. By Tim Paradis, AP Business Writer On 4:23 pm EDT, Wednesday October 28, 2009 NEW YORK (AP) -- Signs of a weaker housing market and a gloomier outlook on the economy gave investors more reasons to dump stocks. Major market indexes fell Wednesday after the Commerce Department said new home sales dropped for the first time in five months. Sales dropped 3.6 percent in September to 402,000. Analysts had expected an increase. The Dow Jones industrial average fell 119 points, or 1.2 percent. The Nasdaq composite index slid 2.7 percent, while the Russell 2000 index of smaller companies tumbled 3.5 percent. Many of the stocks in both indexes are considered more risky and so they suffered some of the biggest losses.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/05/2012 for the course MARK 301 taught by Professor Ms.bush during the Spring '10 term at Wingate.

Page1 / 2

metlife2 -...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online