Thursday, March 15, 2012

Yo-yo mart falls 36 pts.

NEW YORK The Dow Jones industrials dropped into negativeterritory in the last hour of trading today under heavy sellingpressure from profit-takers trying to lock in gains before yearend.

The Dow Jones average fell 36.52 points to close at 6,268.35after being up more than 50 points this morning. The broad marketwas weaker as well.

The Dow rose this morning after the weekend announcement thatBoeing would acquire rival aircraft and defense maker McDonnellDouglas in a stock swap valued at $13.3 billion. Share of bothcompanies were up strongly.However, the rest of the market was weaker. Declining issuesled advancers, with 1,657 down, 873 up and 780 unchanged on the …

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