Dow Ends 4-Day Run, Dips 39

Financials rally against broader slump
By Nick McMaster,  Newser Staff
Posted Aug 5, 2009 3:15 PM CDT
Dow Ends 4-Day Run, Dips 39
Traders work on the floor at the New York Stock Exchange in New York in this undated file photo.   (AP Photo/Seth Wenig)

(Newser) – Stocks fell today on dour data, though some financial firms rallied against the broader slump, the Wall Street Journal reports. The private sector lost 371,000 jobs in July, and the Institute for Supply Management’s index of non-manufacturing activity fell to 46.4 from 47.0 in June. Nonetheless, AIG surged 60.8% and CIT Group rose 40.6%. The Dow closed 39 points lower at 9,281. The Nasdaq shed 18 points to close at 1,993, and the S&P 500 lost 3 points, settling at 1,003.
(Read more Dow Jones stories.)

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