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After a four-day streak, stocks started off strong on Monday only to falter as the day progressed. The Dow Jones industrial average lost 7 points, or 0.1 percent. The S&P 500 index slipped 2 points, or 0.4 percent. The Nasdaq composite tumbled 27 points, or 1.9 percent.
March 16, 2009
1 Min Read
After a four-day streak, stocks started off strong on Monday only to falter as the day progressed.
The Dow Jones industrial average lost 7 points, or 0.1 percent. The S&P 500 index slipped 2 points, or 0.4 percent. The Nasdaq composite tumbled 27 points, or 1.9 percent.
Stocks had gained through the early afternoon on a rally in bank shares and some upbeat comments from Federal Reserve Chairman Ben Bernanke. But the advance lost steam late in the afternoon.
Investors were pulled between wanting to extend the advance and wanting to take profits.
Source: CNNMoney.com, Stocks Can't Sustain Rally
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