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Stocks sink to 3-month lows

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Alexandra Twin
CNN Money
Tuesday, February 17, 2009

NEW YORK (CNNMoney.com) — Stocks tumbled Tuesday morning as investors worried that the $787 billion economic stimulus plan won’t go far enough to slow the pace of the economic downturn.

The Dow Jones industrial average (INDU) fell 230 points, or about 3% roughly 90 minutes into the session.

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Stocks sink to 3 month lows 335x205 graph128c aj

The Standard & Poor’s 500 (SPX) index lost 30 points, or about 3.6%. The Nasdaq composite (COMP) lost 50 points, or about 3.2%.

Stocks slipped last week as investors took a mixed reaction to the various government plans to slow the pace of the economic downturn, including the economic stimulus plan and the bank bailout plan.

This article was posted: Tuesday, February 17, 2009 at 10:15 am





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