- The Washington Times - Friday, March 20, 2009

NEW YORK (AP) - Wall Street has pulled back as traders collected some profits and sent financial shares down again.

After starting the day mixed, stocks veered lower Friday afternoon. The market rose less than 1 percent for the week, but still managed its first two-week gain in close to a year.

Stocks have retreated for two straight days, which means Wall Street’s mid-March rally has at least temporarily halted. One possible reason: The market ran out of more upbeat economic and corporate news the past two days.

According to preliminary calculations, the Dow Jones industrial average is down 122 at 7,278. The Standard & Poor’s 500 index is down 15 at 768. The Nasdaq composite index is down 26 at 1,457.

Declining shares outpaced advancers by 3 to 1 on the New York Stock Exchange. Volume came to a heavy 2.4 billion shares.

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