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Dow Off 15 Despite Retail News

By Harry Kimball,  Newser Staff

Posted May 22, 2009 3:13 PM CDT

(Newser) – A strong retail sector and defensive buying ahead of the holiday weekend couldn’t correct a general malaise that left markets down slightly today, the Wall Street Journal reports. Sears was up 12% on a Q1 profit. Little movement in financials was welcome to some who believe the sector is stabilizing. The Dow was off 14.81 to 8,277.32. The S&P fell 1.33, ending at 887. And the Nasdaq sank 3.24 to 1,692.01.

For the week, the Dow was up 0.1%, the S&P tacked on 0.47%, and the Nasdaq rose 0.71%.

Traders work on the floor of the New York Stock Exchange.
Traders work on the floor of the New York Stock Exchange.   (AP Photo)
Traders work on the floor of the New York Stock Exchange.
Traders work on the floor of the New York Stock Exchange.   (AP Photo)
Traffic slows for the York tolls on the Maine Turnpike.
Traffic slows for the York tolls on the Maine Turnpike.   (AP Photo)
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That financials are holding their ground shows some of the broad fear on the sector may be subsiding.
- Mark Turner, Instinet

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NASDAQ • New York Stock Exchange • Dow Jones • financial sector • Sears • S&P 500 • Memorial Day • gasoline prices • holiday weekend

 
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