Dow Off 42, Wrapping Up Down Week for Stocks

Disappointing data drives indices lower; RIM falls 17.1%
By Nick McMaster,  Newser Staff
Posted Sep 25, 2009 3:27 PM CDT
Traders work on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo/Richard Drew)
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(Newser) – Stocks fell today after reports of a smaller-than-expected rise in new home sales and a drop in orders for durable goods over the last month. Blue chips Alcoa, Amex, and Wal-Mart all fell at least 2%, and RIM dropped 17.1% after issuing a disappointing earnings forecast. The Dow dropped 42.25 points to close at 9,665.19. The Nasdaq lost 16.69, closing at 2,090.92, and the S&P 500 fell 6.40 to settle at 1,044.38, the Wall Street Journal reports.

  • For the week, the Dow fell 1.6%, the Nasdaq lost 2%, and the S&P 500 dropped 2.2%.