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Wall St. heads down at the openU.S. markets start lower, although not as sharply as originally feared, as credit crunch weighs.NEW YORK (CNNMoney.com) -- Wall Street was down to be sure, but not by as much as some premarket forecasts, as the credit crunch continued to damage investors' psyches. The Dow Jones industrial average was 0.7 percent lower. The Nasdaq composite index was off by 0.8 percent. The Standard & Poor's 500 stock index slipped 0.6 percent. Among stocks in the news Thursday morning: Countrywide Financial (Charts, Fortune 500), J.C. Penney (Charts, Fortune 500), Kraft Foods (Charts), Fifth Third Bancorp (Charts, Fortune 500), Amgen (Charts, Fortune 500) and Take-Two Interactive (Charts). |
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