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Article: Chicago Tribune Market Report column: Financial stocks lead market drop.
- Article from:
- Chicago Tribune (Chicago, IL)
- Article date:
- August 31, 2007
CopyrightCOPYRIGHT 2007 Chicago Tribune. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Bill Barnhart
Aug. 31--Stocks prices eased Thursday, led by further declines in financial-services stocks and a rare "sell" recommendation by Merrill Lynch for retailing giant Wal-Mart Stores.
Technology stocks continued their rally. After the close of regular trading, computer-maker Dell posted better-than-expected quarterly results.
Lehman Brothers trimmed its profit estimates for four of its rival investment banks, Goldman Sachs, Bear Stearns, Morgan Stanley and Merrill Lynch, sending shares of the companies lower.
Wal-Mart lost nearly 2 percent after the Merrill Lynch investment rating downgrade.
The Dow Jones ...