The News Tribune - Reality strikes Wall Street as investors see that nobody’s buying anything (print)

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Reality strikes Wall Street as investors see that nobody’s buying anything

THE NEWS TRIBUNE
Last updated: November 12th, 2008 12:26 AM (PST)

Wall Street got another dose of painful reality Tuesday that sent stocks diving as investors recognized that few industries are safe from the consumer spending slump – whether they’re building homes, making cars or selling coffee. The Dow Jones industrial average lifted off its lows of the day, but still closed down nearly 180 points.

It became clear to investors that it’s going to be hard to rely on consumers to pull the economy out of its downturn.

News Tribune news services

Originally published: November 12th, 2008 12:26 AM (PST)