Related News
Wall Street falls after 4-week rally
Source: Agencies |
April 7, 2009, Tuesday
|
Online Edition
Online Edition
STOCKS are ending lower as investors take profits following a four-week rally amid fears of poor earnings reports and more trouble for banks.
Investors are disappointed that talks for IBM Corp.'s US$7 billion deal to buy Sun Microsystems Inc. have stalled - a sign that the market is still not ready to support big mergers.
Financial shares have sold off sharply after a prominent analyst predicted more losses at banks and said the government's efforts to prop up the ailing industry might not be as effective as hoped.
The Dow is ending down 41 points, or 0.5 percent, at 7,976.
The Standard & Poor's 500 index is down 7, or 0.8 percent, at 835. The Nasdaq composite index is down 15, or 1 percent, at 1,607.
Investors are disappointed that talks for IBM Corp.'s US$7 billion deal to buy Sun Microsystems Inc. have stalled - a sign that the market is still not ready to support big mergers.
Financial shares have sold off sharply after a prominent analyst predicted more losses at banks and said the government's efforts to prop up the ailing industry might not be as effective as hoped.
The Dow is ending down 41 points, or 0.5 percent, at 7,976.
The Standard & Poor's 500 index is down 7, or 0.8 percent, at 835. The Nasdaq composite index is down 15, or 1 percent, at 1,607.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
