Summary
NEW YORK -- Wall Street's growing angst about company earnings gave stocks a mixed finish Tuesday, with the Dow Jones industrials suffering their fifth straight loss. The concern on the Street is that the recession will have a more severe impact on profits than investors have been anticipating. They shied away from placing big bets after aluminum giant Alcoa Inc. reported late Monday that it lost $1.19 billion during the fourth quarter. An analyst's warning about profits at General Electric Co. only added to the market's uneasiness.
The Dow fell 25.41, or 0.30 percent, to 8,448.56. The Standard & Poor's 500 index rose 1.53, or 0.18 percent, to 871.79, while the Nasdaq composite index rose 7.67, or 0.50 percent, to 1,546.46.See the full content of this document
Extract
Investor Anxiety Weighs Down Dow
In corporate news, Citigroup Inc. and Morgan Stanley said they are combining t...
See the full content of this document
Sponsored links
