Markets Plunge on ISM Report
The major markets fell through the floor today, with the Dow Industrials
closing down -350 points for the day. Stocks extended losses from Monday’s
slide, and nearly erased all of last week’s gains in just one session.
NYSE Euronext
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PowerRating) fell 12% after announcing disappointing
quarterly results (full
story).
Goldman Sachs
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PowerRating) fell close to 5% after an analyst downgrade.
Financial stocks were hit hard today across the board (full
story).
Las Vegas Sands
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PowerRating) rallied 13% after an upgrade at Morgan
Stanley (full
story).
Barnes & Noble
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PowerRating) fell nearly 9% after an analyst downgrade at
JP Morgan.
Gold futures fell 1.6% as the dollar rallied against the euro. Crude oil
futures fell nearly 2% on slowing growth concerns.
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