DJIA Leaders & Laggards: AIG GM
This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-22
The 30-stock index lost 211.10 points, or 1.6 percent, to 12,799.04.
AIG shares fell for the fifth straight session, losing $3.11, or 5.7 percent, to $51.33. The stock sank as far as $50.86, its lowest price since April 2005.
American Express Co. declined $2.66, or 4.7 percent, to $54.34 after a Morgan Stanley analyst downgraded shares based on the company's exposure to consumer credit risk.
Intel Corp. declined 89 cents, or 3.5 percent, to $24.63. Robert Baird & Co. analyst Tristan Gerra warned that broad economic issues may soften Intel's growth.
Shares of Verizon Communications Inc. lost $1.21, or 2.8 percent, to $41.95.
General Motors Corp., the only stock in the index ending higher on Wednesday, gained 10 cents to $26.39.
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