Wall Street Stocks Fall in Light Trading
Deseret News (Salt Lake City) › December 23, 2006
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Summary
NEW YORK -- Stocks slid Friday when waning enthusiasm among investors ahead of the holiday weekend overshadowed data showing higher consumer spending and a jump in sales of big-ticket goods in November. A weak bond market also weighed on stocks.
The pair of reports from the Commerce Department was welcome news for the economy. Coupled with a final push of takeover activity in the past few weeks, it showed resolute consumer and corporate confidence, even with questions about how much the economy is slowing.See the full content of this document
Extract
Wall Street Stocks Fall in Light Trading
Extremely light volume ahead of the Christmas holiday left the market prone to swings, however.
"Looking at the tape, you're going to see stocks just wallow around because of lack of interest," said John O'Donoghue, co-head of equities for Cowe...See the full content of this document
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