The Market Story

Late Selloff Slams Stocks

Stock quotes in this article: ALU , GM , SUNW , AHM , COH , SIRI  

Treasury prices gained ground. The 10-year note rose 7/32 in price, yielding 4.78%, and the 30-year bond was up 14/32 in price to yield 4.93%. The dollar was falling against the world's major currencies.

Overseas, markets were mostly higher. London's FTSE gained 2.5%, and Frankfurt's DAX climbed 1.7%. Hong Kong's Hang Seng rose 2%, while Tokyo's Nikkei was off 0.2%.

The earnings parade will continue before Wednesday's open, when such names as Time Warner (TWX Quote), Kraft (KFT Quote), OfficeMax (OMX Quote) and Qwest (Q Quote) are due to report.

Electronic Arts (ERTS Quote), Starbucks (SBUX Quote) and Disney (DIS Quote) will be out with results later in the day.

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,390.11 1,103.25 2,189.61 34.48
Oil *
75.86
UP
1.21
DOWN
2.73
DOWN
4.74
DOWN
0.35
10 Yr
3.45%
SPDR Gold
113.11
+0.01%
-0.25%
-0.22%
-1.00%
Data delayed 20 minutes

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