Holiday Jitters Weigh on Stocks

Posted by admin on Nov 30th, 2009 and filed under Business. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Holiday Jitters Weigh on Stocks Worries about the holiday-shopping season weighed on the stock market Monday, helping to erase an early rally in major indexes. Investors also remained on guard against fallout from the Dubai debt crisis, though most of the financial exposure to the incident seems to be at firms outside the U.S. The Dow Jones Industrial Average, which was dented late last week by the Dubai incident, managed a 54-point gain at its morning high. But it has since retreated, posting an 11-point decline in recent action, off 0.1%, at 10298.44. Home Depot declined 2.1% and Wal-Mart Stores was trading 0.6% lower. Markets Data Center Most Actives | Gainers | Losers New Highs and Lows | Money Flows Intraday Futures | Currencies Consumer stocks helped to lead the market from its bear-market lows set in early March. But now that Black Friday, which marks the unofficial start of the holiday shopping season, has passed, some money managers are worried that the earlier buying in the consumer sector might have been overdone.[Read more...]

Comments are closed