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December 2, 2008 9:41:13 AM CST

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Dow Falls as Nasdaq Posts Gains

Posted Feb 8, 08 3:57 PM CST in Business 

(Newser) – Stocks showed mixed results today, as the Dow rallied and then teetered to a loss off lingering fears of recession. Meanwhile, the Nasdaq posted moderate gains buoyed by strong showings by Amazon, Google, Apple, and Research in Motion, Marketwatch reports. The Nasdaq gained 11.82 to end at 2,304.85; the Dow fell 64.87 to 12,181.32, and the S&P 500 dropped 5.62 to 1,331.29.

Banks and brokerages suffered their steepest weekly drop in 6 years, led by stark declines at Bank of America and JPMorgan Chase. The Commerce Department reported that US wholesalers’ inventories grew in December, darkening investor outlook on consumer spending. "We're in a situation where everything is slowing more than people expected," said one economist.

Source MarketWatch

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Traders and brokers work on the trading floor of the New York Stock Exchange a short time before the closing bell Tuesday, Feb. 5, 2008. (AP Photo/David Karp)   (Associated Press)
A broker looks up from the trading floor of the New York Stock Exchange a short time before the closing bell Tuesday, Feb. 5, 2008. (AP Photo/David Karp)   (Associated Press)
Exhibitors of the Google company work on laptop computers in front of an illuminated sign of the Google logo at the industrial fair Hannover Messe in Hanover, Germany,in this April 17, 2007 file photo....   (Associated Press)
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Google • Dow Jones • Nasdaq • Apple • JPMorgan Chase • Bank of America • Amazon.com • New York Stock Exchange • Research in Motion


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