NEW YORK – Stocks retreated Friday for the third straight day on uncertainty about President Barack Obama's plans to restrict big banks and disappointment over companies' earnings reports.
The market's pullback extended losses that gave the Dow Jones industrial average its biggest two-day drop since June. The Dow slid nearly 140 points in afternoon trading. All the major indicators fell more than 1 percent.
Investors seemed to find uncertainty or bad news wherever they looked. Even before Obama announced his plan on Thursday, they were selling stocks on disappointing earnings and concerns that a possible slowdown in China's economy might spread. The mood in the market was dark enough that upbeat earnings Friday from General Electric Co. and McDonald's Corp. weren't enough to sway investors.
Asked by Anonymous at 3:44 PM on Jan. 22, 2010 in Politics & Current Events
Answer by Carpy at 7:47 PM on Jan. 22, 2010
Answer by itsmesteph11 at 3:49 PM on Jan. 22, 2010
Answer by AngelDawn7 at 3:53 PM on Jan. 22, 2010
Answer by Anonymous at 3:59 PM on Jan. 22, 2010
Answer by Anonymous at 4:04 PM on Jan. 22, 2010
Not only that anon but he wants to scold banks who have paid back or never GOT to begin with and..check this out..
Answer by tnmomofive at 4:08 PM on Jan. 22, 2010
Answer by mancosmomma at 4:15 PM on Jan. 22, 2010
Answer by Anonymous at 4:37 PM on Jan. 22, 2010
Answer by mancosmomma at 4:43 PM on Jan. 22, 2010
Answer by tnmomofive at 4:48 PM on Jan. 22, 2010
Next question overall
Do you think it is safe to ride fourwheelers and go muddin this far along??