Stocks fell in early trading today as investors locked in profits after yesterday's rally and were met with gloomy earnings reports from several firms.
The Dow Jones industrial average was down less than 1 percent, or 30 points. The broader Standard & Poor's 500 stock index and the tech-heavy Nasdaq were also down less than one percent.
It is not unusual for stocks to slump after a rally as investors cash in profits. But the degree of the sell-off or whether stocks rebound later today could be a telling indicator of the depth of investor optimism that the market is ready to rebound from the financial crisis.
The Dow Jones industrial average was down less than 1 percent, or 30 points. The broader Standard & Poor's 500 stock index and the tech-heavy Nasdaq were also down less than one percent.
It is not unusual for stocks to slump after a rally as investors cash in profits. But the degree of the sell-off or whether stocks rebound later today could be a telling indicator of the depth of investor optimism that the market is ready to rebound from the financial crisis.
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