Stocks Fall Back; Dow Off 16

Investors keep an eye on upcoming jobs, stress test reports
By Nick McMaster,  Newser Staff
Posted May 5, 2009 3:19 PM CDT
Stocks Fall Back; Dow Off 16
Traders work on the floor of the New York Stock Exchange in this undated file photo.   (AP Photo)

Yesterday’s rally failed to carry stocks today, with traders nervously anticipating weekly and monthly employment reports as well as the bank stress-test results later this week, the Wall Street Journal reports. Bank of America rose 5.4%, while Wells Fargo dropped 3.3%. The Dow fell 16.09 to close at 8,410.65. The Nasdaq lost 9.44, settling at 1,754.12, and the S&P 500 dropped 3.44 to close at 903.80. (More Dow Jones stories.)

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