Monday, February 11, 2008

Stocks lower on AIG worries

Stocks slipped largely on worries about about American International Group (AIG), a Dow stock, down 5.58. Also, declining markets overseas didn't give confidence to US investors. AIG, a large insurer, looks like it's going to take a major hit related to bad loans at banks. Yahoo (YHOO) is getting ready to turn down the buyout offer from Microsoft (MSFT). This kind of negative news will keep buyers away today.

No comments: