- The Washington Times - Monday, March 16, 2009

UPDATED:

NEW YORK — Wall Street is ending lower as a gain in financial stocks fizzles and investors lock in profits.

A retreat in stocks late in the session Monday comes after four straight sessions of gains last week. Stocks jumped more than 10 percent in the prior four sessions on easing worries about banks.

According to preliminary calculations, the Dow Jones industrial average is closing down 7 at 7,217. The Standard & Poor’s 500 index is down 3 at 754. The Nasdaq composite index is down 27 at 1,404.

More than three stocks rose for every one that fell on the New York Stock Exchange. Volume came to a light 1.9 billion shares.

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