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FRIDAY, NOVEMBER 27, 2009
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Dow Sheds 59 on Ugly Reports

Indices decline on bad news from Toyota, Walgreens

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(Newser) – Stocks fell today after Toyota warned of looming losses and Walgreen announced a reduction in profit, MarketWatch reports. Amid light trading volume, the Dow dropped 59.42 to close at 8,519.69, the Nasdaq fell 31.97, closing at 1,532.35, and the S&P 500 shed 16.25 to close at 871.63.

Walgreens posted a 10% profit loss for the quarter, citing store-openings and other costs. In a sign that the holiday shopping might not bring retailers much relief, online seasonal sales fell 1% from last year—its first decline 7 years, sales tracker ComScore reported.

A Christmas tree stands in front of the New York Stock Exchange today.
A Christmas tree stands in front of the New York Stock Exchange today.   (AP Photo)
The company logo hangs over the hood of an unsold 2009 FJ Cruiser at a Toyota dealership in Frederick, Colo.
The company logo hangs over the hood of an unsold 2009 FJ Cruiser at a Toyota dealership in Frederick, Colo.   (AP Photo)
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If Toyota is going to keep having trouble, and they're talking about laying off workers and cutting back sales, how are the domestic automakers going to stay afloat?
- Craig Rappaport, Janney Montgomery Scott.

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Toyota • Dow Jones • Nasdaq • Walgreens • ComScore • S&P 500

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