• Most Popular
  • Most Shared

US STOCKS-Wall St slides at open on banks, spending woes

Wed Jan 14, 2009 9:34am EST

NEW YORK, Jan 14 (Reuters) - U.S. stocks slid at the open on Wednesday as fears of more credit losses in the banking sector and signs of further contraction in consumer spending compounded worries about fallout from the recession.

Stocks  |  Bonds  |  Global Markets  |  Funds News  |  ETFs News

* The Dow Jones industrial average .DJI was down 137.55 points, or 1.63 percent, at 8,311.01. The Standard & Poor's 500 Index .SPX was down 14.78 points, or 1.70 percent, at 857.01. The Nasdaq Composite Index .IXIC was down 23.79 points, or 1.54 percent, at 1,522.67. (Editing by James Dalgleish)



More from Reuters

Photo

Plot exposes fissure in U.S. intelligence community

WASHINGTON (Reuters) - Last week's failed plot to bomb a U.S. passenger jet has exposed lingering fissures within the U.S. intelligence community, which had information from interviews and clandestine intercepts but did not put the pieces together, officials said.

Traders work in the pits at the The New York Mercantile Exchange, November 7, 2007. REUTERS/Brendan McDermid

Calling the market

A spectacular credit bust, two devastating stock market crashes ... the smart call this decade was to play it safe.  Full Article 

People walk past a branch of Bank of America in New York's financial district April 28, 2009. REUTERS/Brendan McDermid

Move your money

Boycotting "too big to fail" banks is a great idea -- so long as investors remember that banks aren't the only ones responsible for the crisis.  Full Article