Stock Rally Screeches to Halt

By Kevin Spak,  Newser Staff
Posted Mar 18, 2009 8:42 AM CDT
Specialist Gerard Petti works his post on the trading floor of the New York Stock Exchange Friday, March 6, 2009.   (AP Photo/David Karp)
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(Newser) – Stocks took a turn for the worse at the open today, heading south after yesterday’s rally. The Dow fell 67 points, while the S&P declined 0.8%. The Nasdaq fell 0.5%, but component Sun Microsystems soared 65% on news IBM might acquire it. Investors are anxiously awaiting guidance out of today's Fed meeting, even though the target rate’s unlikely to move. The consumer price index rose 0.4% last month, a bigger-than-expected jump.