Stocks Retreat After Rally

By Kevin Spak,  Newser Staff
Posted Jan 29, 2009 8:44 AM CST

(Newser) – Stocks sank at the open today as investors cashed in after yesterday’s rally. The Dow lost 90 points, while the Nasdaq and S&P both dipped 1.4%. The day’s economic data was negative as usual: Continuing jobless claims rose 159,000, orders for durable goods dropped 2.6%, and Ford posted a $5.9 billion fourth-quarter loss. (Read more stock market stories.)

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