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FRIDAY, NOVEMBER 27, 2009
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Dow Falls 161 in Broad Sell-Off

Investors unwind bets ahead of 2nd-quarter earnings kickoff

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(Newser) – Investors turned pessimistic ahead of the start of the second-quarter earnings season, initiating a broad sell-off that depressed the major indices, the Wall Street Journal reports. Oil fell another $1.12 to 62.43 a barrel, pushing energy stocks lower; the S&P 500’s energy sector was off 2.8%. The Dow closed down 161 points at 8,164. The Nasdaq lost 41 points to settle at 1,746, and the S&P 500 fell 18 points, closing at 881.

A trader works on the floor of the New York Stock Exchange during afternoon trading in this undated file photo.
A trader works on the floor of the New York Stock Exchange during afternoon trading in this undated file photo.   (Getty Images)
Traders work on the floor of the New York Stock Exchange in this undated file photo.
Traders work on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)
A trader uses his handheld device as he works on the floor of the New York Stock Exchange in this undated file photo.
A trader uses his handheld device as he works on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)
Traders work on the floor before the start of trading at the New York Stock Exchange in New York in this undated file photo.
Traders work on the floor before the start of trading at the New York Stock Exchange in New York in this undated file photo.   (AP Photo/Seth Wenig)
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