Stocks fall as investors’ pessimism deepens in the absence of new economic data; Dow falls 57
By APFriday, August 20, 2010
Investor pessimism deepens, stocks fall again
QUIET DAY, ANOTHER LOSS: Stocks fell in the absence of any news to influence traders. So with no reasons to buy, they kept on selling as they grew more pessimistic about the economic recovery.
OIL FALLS, SO DO ENERGY STOCKS: The price of oil extended its slide, and oil companies including Chevron Corp. reacted by falling too.
WHAT THE DOW DID: The Dow Jones industrial average fell 57 points, and ended the week with a drop of just under 1 percent.
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