Wall Street gives back part of massive rally
25 Mar 2009 1:10 AM
Stocks have dropped at the opening today .. as investors locked in profits from a sizzling rally a day earlier fuelled by a new US government plan to clean up toxic assets in the banking system.
In the first trades .. the Dow Jones Industrial Average fell 95.42 points .. or 1.23 per cent .. to 7,680.44 after Monday's surge of 6.84 per cent .. the fifth biggest in history for the blue-chip index.
The tech-dominated Nasdaq composite fell 24.53 points .. or 1.58 per cent .. to 1,531.24 and the Standard & Poor's 500 index declined 11.48 points .. or 1.40 per cent .. to 811.44.
