Wall Street pulled back as investors worry that companies' forecasts for the fourth quarter and beyond signal little easing of the weakness gripping the economy.
NEW YORK — Wall Street fell again as investors worry that companies’ forecasts for the fourth quarter and beyond signal little easing of the weakness gripping the economy.
The Dow closed down 231.77, or 2.5 percent, at 9,033.66. Broader indexes were also down, and more sharply. The S&P 500 index lost 30.35, or 3.1 percent, to 955.05, and the Nasdaq composite index was off 73.35, or 4.1 percent, at 1,696.69. The Nasdaq was hurt by forecasts from Texas Instruments and Sun Microsystems
Some of the retreat was to be expected after the Dow industrials shot up 413 points Monday — analysts have warned that the market still faces plenty of volatility as it tries to recover from its recent plunge.
Still, there were positives to the session — signs of easing in the credit markets allowed for more orderly trading.
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