16.10.2008 20:09

Dow -305.77 at 8277.55, Nasdaq -42.84 at 1592.19, S&P -30.76 at 877.08


Stocks have pulled up from their session lows, when the S&P 500 was down 4.6%. Losses remain deep, however, with all ten of the major economic sectors trading with losses in excess of 1%.
Sporting the least significan decline is the consumer staples sector. It is down 1.4% as companies like Archer Daniels (ADM 16.53, +0.44) and Hershey (HSY 33.72, +0.75) provide leadership. Gains in HSY come despite news the company fell short of the consensus earnings per share estimate in the latest quarter.






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