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10-01-2009, 10:40 PM #1
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U.S. Stocks Decline Most in Three Months on ISM Jobless Data
U.S. Stocks Decline Most in Three Months on ISM, Jobless Data
By Elizabeth Stanton
Oct. 1 (Bloomberg) -- U.S. stocks tumbled the most in three months as a gauge of manufacturing unexpectedly fell and jobless claims grew more than forecast, spurring concern the seven-month rally in equities outpaced prospects for an economic recovery.
JPMorgan Chase & Co., DuPont Co. and American Express Co. fell at least 4.2 percent to lead all 30 stocks in the Dow Jones Industrial Average lower. Microsoft Corp. retreated 3.3 percent, the most since July, as Goldman Sachs Group Inc. removed the shares from its “conviction buyâ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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