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Wednesday, October 28, 2009
Stocks Finish Sharply Off; S&P Loses Oct. Gains
By Kate Gibson
MarketWatch Pulse
NEW YORK - U.S. stocks on Wednesday closed sharply lower, with the Dow Jones Industrial Average tallying its third triple-digit loss in four sessions, after an unexpected decline in new-home sales fueled worries about the recovery. "The data has just added to a little malaise," said Bob Baur, chief global economist at Principal Global Investors. The Dow Jones Industrial Average fell 119.48 points, or 1.2%, to 9,762.69. The S&P 500 Index declined 20.78 points, or 2%, to 1,042.63, with the broad market gauge losing its gains for October. The Nasdaq Composite lost 56.48 points, or 2.7%, to 2,059.61.
Copyright © 2009 MarketWatch, Inc.
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