Home / Today's Top Stories / Stocks decline on fear of Iraq war

Stocks decline on fear of Iraq war

The stock market slumped on Wednesday, driven by fears of war with Iraq. The New York Times reported that President George Bush will declare on Thursday that Iraq has violated the United Nations resolution requiring it to disclose all its weapons of mass destruction. The Dow Jones Industrial Average was down nearly 75 points by 2:30 p.m. on Wednesday, reaching 8,460.59, while the Nasdaq Composite Index dropped nearly 30 points to 1,362.16.

Stocks decline on fear of Iraq war

The stock market slumped on Wednesday, driven by fears of war with Iraq.
The New York Times today reported that President George Bush will declare on Thursday that Iraq has violated the United Nations resolution requiring it to disclose all its weapons of mass destruction.
The Dow Jones Industrial Average was down nearly 75 points by 2:30 p.m., reaching 8,460.59, while the Nasdaq Composite Index dropped nearly 30 points to 1,362.16.
Shares of local stocks also were down this afternoon. Eastman Kodak Co. shares declined by 13 cents to $37.25 by 2:30. Paychex Inc. shares fell 2.97 percent, or 80 cents, to $26.11. Shares of Bausch and Lomb Inc. dropped 0.43 percent $34.77.

(c) 2002 Rochester Business Journal. Obtain permission to
reprint this article.

x

Check Also

Craig and Beth Gamble (Photo by Kate Melton)

Pair strive for old world experience at Waterlily Boutique in Brighton (access required)

The little spa that could. That is how Beth and Craig Gamble, co-founders of Waterlily Spa and Cosmetics Boutique, think ...

calculate-calculator-class-5775

UR drops standardized tests from admission requirements (access required)

The University of Rochester will no longer require applicants to submit standardized test results for admission. Since 2011, UR’s Office ...