Friday May 9, 9:45 PM
US STOCKS-Wall Street falls at open after AIG loss
NEW YORK, May 9 (Reuters) - U.S. stocks dropped at the open
on Friday, with the Dow briefly falling more than 1 percent
early, after American International Group's record loss
hurt financial shares and renewed fears of bad news from the
credit crisis.
The Dow Jones industrial average was down 112.76
points, or 0.88 percent, at 12,754.02. The Standard & Poor's
500 Index was down 11.84 points, or 0.89 percent, at
1,385.23. The Nasdaq Composite Index was down 19.28
points, or 0.79 percent, at 2,431.96.
Shares of AIG fell 5 percent to $41.86.
(Reporting by Caroline Valetkevitch; Editing by Kenneth
Barry)
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