Bertie
04-19-2007, 05:27 PM
April 19 (Bloomberg) -- The Standard & Poor's 500 Index dropped for the second time this month, buffeted by consumer shares, after Marriott Corp. cut its revenue forecast.
The Nasdaq Composite Index fell a third day, while pharmaceutical companies carried the Dow Jones Industrial Average to a second consecutive record after Merck Co. reported profits that beat estimates.
About 12 shares retreated for every five that rose today as the U.S. stock market picked up on declines across Asia and Europe spurred by concern China's economy is overheating. The S&P 500 index's fall ended a five-day advance.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a4JplLFNMkpA&refer=home
The Nasdaq Composite Index fell a third day, while pharmaceutical companies carried the Dow Jones Industrial Average to a second consecutive record after Merck Co. reported profits that beat estimates.
About 12 shares retreated for every five that rose today as the U.S. stock market picked up on declines across Asia and Europe spurred by concern China's economy is overheating. The S&P 500 index's fall ended a five-day advance.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a4JplLFNMkpA&refer=home