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Article: Stock Market News for November 13, 2009
- Article from:
- Zacks Investment Research -
- Article date:
- November 13, 2009
- Author:
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Stock Market News for November 13, 2009
A rebounding dollar and persisting worries about the economy kept investors on a wait-and-watch mode and stocks fell broadly as weakness in energy shares, precipitated by reports of flush U.S. reserves, weighed on sentiments. In a broad based decline, major stock indexes fell about 1% from their 13-month highs.Â
The strength in US dollar, based upon its safe-haven appeal, undermined investors' appetites for riskier, high-yielding assets such as equities as upside guidance from DJIA components Wal-Mart and Hewlett-Packard failed to stem the retreat.
The Dow Jones industrial average fell 94 points, or 0.9%, to close at 10,197.47. The ...