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MONDAY, NOVEMBER 23, 2009
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 MARKETS 
4

Dow Falls 51 on Housing

Coca-Cola, DuPont earnings disappoint

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(Newser) – Stocks fell today on disappointing earnings and a poor housing report. The market got off to a weak start when numbers on new-home construction were weaker than expected. Poor earnings reports from DuPont and Coca-Cola didn’t help, though Caterpillar, which posted a less severe profit drop than expected, boosted the Dow with a 3.4% gain. The Dow lost 51 points to close at 10,041. The Nasdaq fell 13 points to 2,163, and the S&P 500 fell 7 points to 1,091, the Wall Street Journal reports.

Specialists Michael Gagliano, left, and Jeffrey Reymann work at a post on the floor of the New York Stock Exchange Tuesday, Oct. 20, 2009.
Specialists Michael Gagliano, left, and Jeffrey Reymann work at a post on the floor of the New York Stock Exchange Tuesday, Oct. 20, 2009.   (AP Photo/Richard Drew)
Specialist Damen Watson, right, directs trading at his post on the floor of the New York Stock Exchange Tuesday, Oct. 20, 2009.
Specialist Damen Watson, right, directs trading at his post on the floor of the New York Stock Exchange Tuesday, Oct. 20, 2009.   (AP Photo/Richard Drew)
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The US is worrying more about whether it will go back into recession, so there's a real lack of confidence around and the slightly negative news is seized on. - Paul Atkinson, Aberdeen US Equity Fund

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OFF THE GRID
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4 comments
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Netstorm2k9
Oct 20, 09 3:21 PM CDT
But I thought the recession was over..... Reply
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davjc09
Oct 20, 09 4:08 PM CDT
First off, the stock market is not indicative of economic strength. Second, a fifty point fall is hardly something to get bent out of shape about. Reply
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IN RESPONSE:
Netstorm2k9
Oct 20, 09 4:09 PM CDT
Sarcasm, dude. Sarcasm.
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IN RESPONSE:
davjc09
Oct 20, 09 4:30 PM CDT
My bad. Too many uneducated people on this site to know who's talking out their ass and who's trying to be an ass. haha.
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