Wall Street Finally Moves, But Downward
It took a while, but Wall Street seems to have chosen a direction for the day's trading: down.
After hanging around the neutral line for much of the morning, the Dow is down now about 80 points, or nearly one percent.
The S&P is down about .6 percent and the Nasdaq is down about 1.7 percent.
Absent lawmakers here in Washington fiddling with the economy, absent another jaw-dropping scandal like Bernie Madoff's $50 billion Ponzi scheme (Where is all that money?), geopolitics takes center stage on Wall Street today, as traders watch the ongoing battles in Gaza between Israel and Palestinian militants.
December 29, 2008; 11:02 AM ET
Categories: The Ticker | Tags: Dow Jones, oil
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