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Dow Worries Its Way Down 130

By Harry Kimball,  Newser Staff

Posted May 21, 2009 3:13 PM CDT

(Newser) – Markets were off today on news that credit raters might downgrade England and other countries, the Wall Street Journal reports. Though oil remained stable, the stocks of construction-related firms like Home Depot, Caterpillar, and Alcoa plunged; the price of gold surged. The Dow was off 129.91 to 8,292.13. The S&P fell 15.14 to 888.33. The Nasdaq ended 32.59 lower at 1,695.25.

Traders work on the floor of the New York Stock Exchange.
Traders work on the floor of the New York Stock Exchange.   (AP Photo)
Large rolls of aluminum are cooled before they get cut to order size at the Alcoa Warrick Operations in Newburgh, Ind.
Large rolls of aluminum are cooled before they get cut to order size at the Alcoa Warrick Operations in Newburgh, Ind.   (AP Photo)
The Bank of England in London.
The Bank of England in London.   (AP Photo)
Bank of England.
Bank of England.   (Flickr)
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The Treasury is issuing billions of dollars of debt and at the same time the Fed is buying up billions of dollars to keep interest rates low. It's a push me, pull me situation and it has to stop. - Randy Bateman, Huntington Funds

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stock market • NASDAQ • Dow Jones • construction • England • Standard and Poor • S&P 500 • housing sector • credit rating

 
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