CITI NEWS - Major Indexes Fall, Dow Down 3% - Smart Money CITI NEWS - Major Indexes Fall, Dow Down 3% - Smart Money

Tuesday, February 17, 2009

CITI NEWS - Major Indexes Fall, Dow Down 3% - Smart Money

Heavy Losses: Major indexes take an early dive. Sign Here: Obama expected to sign stimulus into law. Big Apple Blues: Empire State Index hits new low. Ain't Got a Grand On Hand: TRMP files for Chapter 11. With the formal passage of the stimulus in Dow Jones News >

Ahead of the opening bell, Dow Jones Industrial Average futures fell 116, or 1.49%, to 7,663. S&P 500 index futures declined 17.4, or 2.12%, to 802.70, while Nasdaq 100 index futures tumbled 31.75, or 2.58%, to 1,197.50. The markets were closed in Dow Jones News >

LONDON (Dow Jones)--U.K. consumer price inflation eased only slightly in January, as a record drop in fuel and lubricant costs was offset by higher core prices, data from the Office for National Statistics released Tuesday showed. The annual consumer in Dow Jones News >

LONDON (Dow Jones)--The euro-zone trade deficit narrowed more than expected in December, but for 2008 as a whole the currency bloc posted its biggest annual deficit since records began in 1999 due to energy costs, official data showed Tuesday. The 15 in Dow Jones News >

Stock markets around the world tumbled this morning amid deepening concern over the health of the banking industry and doubts about the ability of governments to spur a recovery. The Dow Jones industrial average sank almost 300 points in the first 20 in Dow Jones News >

Stocks tumbled closer to their bear-market lows Tuesday, underscoring the renewed intensity of investors' jitters over the global economy's persistent weakness. Passage of a landmark stimulus package last week did not quell those concerns, and as in Dow Jones News >

The tech-studded Nasdaq dropped 43.72 points (2.85 percent) to 1,490.64 and the broad-market Standard & Poor's 500 index retreated 22.05 points (2.67 percent) to 804.79. On Friday, US stocks closed sharply lower, capping a dismal week, particularly in Dow Jones News >

NEW YORK - Stocks tumbled Tuesday, sending the Dow Jones industrials near their November lows as investors grew more doubtful that the government can quickly turn around the still-weakening economy. The Dow shed more than 250 points in early trading in Dow Jones News >

Stocks opened lower Tuesday as a sharp drop in New York manufacturing activity exacerbated worries about the deepening recession. The Dow Jones Industrial Average was down more than 200 points, or more than 3 percent, in the first few minutes of in Dow Jones News >

No comments: