Stocks pare most losses after terror threat
AFP, August, 2004
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NEW YORK (AFP) — US stocks pared their losses after a heightened terror alert for US financial institutions sparked an opening decline.
The Dow Jones Industrial Average recouped most of its early losses, and broke briefly into positive territory. The blue-chip index was down a fractional 0.73 point (0.01 percent) at 10,138.98 at 1510 GMT.
The Nasdaq composite dropped 12.15 points (0.64 percent) to 1,875.21 and the broad-market Standard and Poor's 500 dipped 1.35 points (0.12 percent) to 1,100.37.
The market action came after US officials over the weekend cited "unusually specific" evidence of possible al-Qaeda attacks against certain key financial sector buildings, including the New York Stock Exchange and the International Monetary Fund.
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"The terrorist alert, which was raised to orange at specific sites, underscores the caution usually seen on Friday in an anything-can-happen ...
