NEW YORK The Dow Jones industrial average nearly sank below 9,000today as investors struck a defensive pose with earnings-reportingseason winding down and few encouraging prospects on the near-termhorizon.
But the Dow ended down 78.71 points at 9,064.62, recovering froma 123-point slide to 9,020.
Broad-market indexes also turned sharply lower as investorscontinued to cash in on the stock market's recent climb. The Dow,which sank 33 points on Thursday, closed at a record 9,184.94 onTuesday.Stocks were also pressured today by reports that J.P. Morgan hadrecommended that its clients cut back on their exposure to stocks.Instead, the investment firm said, more money …
No comments:
Post a Comment