Wall Street Tumbles in Early Trading

By: Associated Press
By: Associated Press
To join the conversation on this story and others, "like" our KKTV 11 News Facebook page!

Stocks are tumbling in early trading, with investors uneasy about the government's ability to turn the still-weakening economy around.

Wall Street is worried that General Motors Corp. and Chrysler LLC might not be able to prove by Tuesday's deadline that they can repay billions of dollars in loans.

The market also got some more grim economic news: The New York Federal Reserve's regional manufacturing index showed a much deeper contraction in activity than expected.

In the first few minutes of trading, the Dow Jones industrial average is down about 172 points at the 7,677 level. The Standard & Poor's 500 index is down 23 points at the 802 level. The Nasdaq composite index is down 45 points at the 1,492 level.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 39710647 - kktv.com/a?a=39710647
Gray Television, Inc.