|
|
Article: IN OTHER BUSINESS
- Article from:
- New Haven Register
- Article date:
- December 23, 2006
CopyrightCopyright 2006 New Haven Register. Provided by ProQuest LLC. (Hide copyright information)
|
Stocks take slide despite positive reports
NEW YORK -- Stocks slid Friday when waning enthusiasm among
investors ahead of the holiday weekend overshadowed data showing
higher consumer spending and a jump in sales of big-ticket goods in
November.
Extremely light volume ahead of the Christmas holiday left the
market prone to swings, however.
The Dow Jones industrial average fell 78.03, or 0.63 percent, to
12,343.22. Blue chips are backing off record levels seen earlier this
week.
The Standard & Poor's 500 index was down 7.53, or 0.53 percent, at
1,410.77, and the Nasdaq composite index fell 14.67, or 0.61 percent,
to 2,401.18.
Speculation that a weaker housing market and a slowing economy ...