Dow Drops 36 as Consumer Data Saps Stocks

Intel, Dell see gains
By Nick McMaster,  Newser Staff
Posted Aug 28, 2009 3:28 PM CDT
Traders work the floor of the New York Stock Exchange Friday, Aug. 28, 2009, in New York.   (AP Photo/Frank Franklin II)
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(Newser) – Stocks mostly fell today despite good news from the tech sector, the Wall Street Journal reports. The Reuters/University of Michigan index of consumer confidence fell in August, dragging the markets down. Intel rose 4.32% after raising its third-quarter profit forecast, while Dell gained 1.89% on second-quarter earnings that beat expectations. The Dow fell 36.43 points to 9,545.20. The Nasdaq added 1.04 to settle at 2,028.77, and the S&P 500 lost 2.05, closing at 1,028.93.

  • For the week, the Dow and Nasdaq both rose 0.4%, and the S&P 500 gained 0.3%.