Stocks Slip on Ireland Bailout, Wall Street Probe

By: Associated Press
By: Associated Press

New York, NY (AP) - Stocks are ending slightly lower, paring earlier
losses from worries about fallout from Europe's financial crisis
and a widening probe into Wall Street insider trading.

Bank stocks led the declines Monday after the Federal Bureau of
Investigation raided the offices of two hedge funds as part of a
broad insider trading investigation.

According to preliminary calculations, the Dow Jones industrial
average fell 25 points, or 0.2 percent, to close at 11,179. The Dow
was down as much as 149 points earlier.

The S&P 500 index rose 2, or 0.1 percent, to 1,198. The Nasdaq
is up 14, or 0.6 percent, to 2,532.

Rising shares outpaced falling shares by a hair on the New York
Stock Exchange. Volume was 918 million shares.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


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