Reverse Spin - War: What is it good for? Not stocks.(Briefs)

Investment News, March, 2003

Byline: Frederick P. Gabriel Jr. So much for that war rally. Wall Street got knocked to its knees last Monday as images of captured U.S. soldiers and downed helicopters sent the stock market into a tailspin of its own. The Dow Jones Industrial Average ended the day at 8214.68, down 307.29 points, or 3.61%.

It was the biggest one-day decline since a 4.10% plunge in September. Meanwhile, the broader Standard & Poor's 500 stock index fell 3.52% to 864.23, and the technology-laden Nasdaq Composite Index declined 3.66% to 1369.78. For the week, the Dow industrials fell 4.41%, the S&P 500 was down 3.60%, and the Nasdaq lost 3.68%. Taken ill Heal thyself. * The New York Stock Exchange on Tuesday said it would seek to delist...

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