Another jaw dropping response to Obama's jabbering jaw. Maybe he and his posse should just shut up. Or maybe listen to what the market is telling them: Your plans STINK!
Wall St. drops after data, banks fall
Wednesday February 25, 2009, 10:15 am EST
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NEW YORK (Reuters) - Stocks added to losses on Wednesday after data showed the pace of existing home sales unexpectedly fell in January, while bank shares slid on continuing worries over the fate of the sector.
Reuters - Traders work on the floor of the New York Stock Exchange February 24, 2009. REUTERS/Brendan McDermid ...
The tone was set early by disappointment President Barack Obama shed little new light about how his administration would stabilize the economy in a major speech before Congress.
The Dow Jones industrial average (DJI:^DJI - News) fell 141.46 points, or 1.92 percent, to 7,209.48. The Standard & Poor's 500 Index (^SPX - News) lost 15.88 points, or 2.05 percent, to 757.26. The Nasdaq Composite Index (Nasdaq:^IXIC - News) was down 28.26 points, or 1.96 percent, at 1,413.57.
(Reporting by Leah Schnurr; Editing by James Dalgleish)
5 hours ago