Just about everything weighs on markets today (F, PAG, ETP, ASTI, CHTP)

Filed under: Major movement, Ford Motor (F), S and P 500, DJIA, NASDAQ

The markets opened lower this morning and have continued to slide all day, mostly due to poor reports on manufacturing and unemployment. Still, for the third quarter both the DJIA and the S&P 500 indexes gained about 15%. Now, it appears that faith in an economic recovery is wobbling, primarily as a result of expected growth in unemployment and continuing low consumer spending. The federal stimulus program has pumped about $86 billion into the economy so far, but that hasn't been enough to shake loose tight-fisted lenders or cash-conserving consumers.

Here are the numbers::

Dow 9,509.28 -203.00 (-2.09%)
S&P 500 1,029.84 -27.24 (-2.58%)
Nasdaq 2,057.48 -64.94 (-3.06%)

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Just about everything weighs on markets today (F, PAG, ETP, ASTI, CHTP) originally appeared on BloggingStocks on Thu, 01 Oct 2009 16:00:00 EST. Please see our terms for use of feeds.

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