Wall St lower over bailout uncertainty
16-12-2008
US stocks fell overnight as the market sought clarity over President Bush's bid to rescue US automakers and awaited the outcome of a Federal Reserve meeting expected to cut interest rates. The Dow Jones Industrial Average fell 65 points, or 0.75 percent, to 8,564. The Nasdaq composite was down 32 points, or 2.10 percent, to 1,508. The Standard & Poor's 500 fell 11 points, or 1.27 percent, to a preliminary close of 868.
