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Dow closes down 381 on bailout plan disappointment

Feb. 10, 2009
(AP) — Investors are turning skeptical about the government’s latest bank bailout plan and sent stocks reeling Tuesday.

The Dow Jones industrial average lost 381.99 on points on Tuesday to close at 7,888.88.

Local Dow components were also lower. Boeing Co. was down $2.59 to $40.21, Kraft Foods Inc. lost 90 cents to $24.98, Caterpillar Inc. fell $1.80 to $30.92 and McDonald’s Corp. was down $1.74 to $57.28.

The Crain’s Chicago Business index, compiled by Bloomberg L.P., was down 2.97 points, or 4.6 percent, closing at 62.05.

Broader indices were also down. The Standard & Poor’s 500 index dropped 42.73 points to 827.16, while the Nasdaq composite index was down 66.83 to 1,524.73.

http://www.chicagobusiness.com/cgi-bin/news.pl?id=32958

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