Stocks Fall on Retail, Job Data

By Kevin Spak,  Newser Staff
Posted Feb 5, 2009 8:52 AM CST
Stocks Fall on Retail, Job Data
A specialist works at his post on the floor of the New York Stock Exchange Monday, Jan. 26, 2009.   (AP Photo/Richard Drew)

Stocks slid at the open today, following yet more negative numbers from retailers and the Labor Department, the Wall Street Journal reports. The Dow dropped 52 points, while the S&P fell 1%. The Nasdaq dropped 1.2%, weighed down by sub-par earnings from Cisco. New jobless claims ripped past the 600,000 mark last week, marking their highest level since 1982, while every retailer save Wal-Mart reported weak same-store sales. (More stock market stories.)

Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X