Flu Spooks Street; Dow Off 51

Firms likely to be hurt by reaction to disease see shares drop
By Nick McMaster,  Newser Staff
Posted Apr 27, 2009 3:18 PM CDT
Flu Spooks Street; Dow Off 51
Hand-sanitizer dispensers have been installed at the entrance to the trading floor of the New York Stock Exchange today.   (AP Photo)

Swine flu worried investors but wasn’t enough to spark a full-scale sell-off today, the Financial Times reports. AMR, parent of American Airlines, Marriott, and Expedia fell as investors bet against firms that may be specifically hurt. Shares of Gilead Sciences, developer of Tamiflu, were up nearly 4%, however. The Dow closed down 51.29 at 8,025.00. The Nasdaq lost 14.88, to 1,679.41, while the S&P 500 lost 8.72, settling at 857.51. (More Dow Jones stories.)

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