Stocks skid early

Nasdaq down 1% as renewed credit crunch worries spark selloff.

November 5 2007: 9:32 AM EST

NEW YORK (CNNMoney.com) -- U.S. stocks retreated in early trading Monday as Citigroup's mortgage writedown news rekindled concerns about the global credit crunch.

The Dow Jones industrial average lost 0.7 percent. The Nasdaq composite index fell 1.3 percent. The Standard & Poor's 500 index was off by 1 percent.

Among the stocks in the news Monday: Citigroup (Charts, Fortune 500), IAC/Interactive (Charts, Fortune 500), Petrochina (Charts), Home Depot (Charts, Fortune 500), Lowe's (Charts, Fortune 500) and Burger King (Charts). Top of page
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.
© 2012 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices .