Believer4Him
11-11-2008, 11:35 AM
Last Update: 8:39 am
http://www.nbcactionnews.com/media/news/9/6/e/96e5b23f-a6a6-4f9d-b7bd-9e70bd9f0262/Story.jpg (javascript:void(0);) Wall Street sign is seen outside the New York Stock Exchange. (Mario Tama, Getty Images)
NEW YORK (AP) - Wall Street is down again in early trading after homebuilder Toll Brothers Inc. said it couldn't project a profit for 2009 and coffee chain Starbucks Corp. reported disappointing earnings.
The reports point to ongoing problems in two of the market's greatest areas of concern: housing and consumer spending. Both Starbucks and Toll Brothers reported sales declines.
In the first few minutes of trading, the Dow Jones industrial average is down 173 points, or nearly 2 percent, at the 8,697 level. The broader market indexes are also down more than 1 percent.
The government and bond markets are closed for Veterans Day, so no economic reports are scheduled. Investors are focusing on corporate earnings reports instead.
Read Full Story Here -http://www.nbcactionnews.com/news/national/story.aspx?content_id=bc21db3f-3d74-46d2-b3c6-eeb097ba30ce
http://www.nbcactionnews.com/media/news/9/6/e/96e5b23f-a6a6-4f9d-b7bd-9e70bd9f0262/Story.jpg (javascript:void(0);) Wall Street sign is seen outside the New York Stock Exchange. (Mario Tama, Getty Images)
NEW YORK (AP) - Wall Street is down again in early trading after homebuilder Toll Brothers Inc. said it couldn't project a profit for 2009 and coffee chain Starbucks Corp. reported disappointing earnings.
The reports point to ongoing problems in two of the market's greatest areas of concern: housing and consumer spending. Both Starbucks and Toll Brothers reported sales declines.
In the first few minutes of trading, the Dow Jones industrial average is down 173 points, or nearly 2 percent, at the 8,697 level. The broader market indexes are also down more than 1 percent.
The government and bond markets are closed for Veterans Day, so no economic reports are scheduled. Investors are focusing on corporate earnings reports instead.
Read Full Story Here -http://www.nbcactionnews.com/news/national/story.aspx?content_id=bc21db3f-3d74-46d2-b3c6-eeb097ba30ce