Dow Off 77 on Consumer Data

By Harry Kimball,  Newser Staff
Posted Aug 14, 2009 3:19 PM CDT
Traders work the floor of the New York Stock Exchange.   (AP Photo)
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(Newser) – Stocks dipped today on worse-than-expected information about consumer sentiment, the Wall Street Journal reports. A Reuters index dropped 3 points instead of the anticipated 2-point rise. A downward spiral has been evident since the Fed announced it would not raise interest rates Wednesday. “A day like today has been long overdue,” said an observer. The Dow was off 76.79 and closed 9,321.40. The S&P sank 8.64 to 1,004.09, and the Nasdaq lost 23.83 to end at 1,985.52.

  • For the week, the Dow fell 0.52%, the S&P shed 0.63%, and the Nasdaq lost 0.74%.