Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, December 03, 2007

Small loss

Stocks took a small drop Monday, weighed down by the financial and auto sectors. A financial selloff began around midday, fueled by Treasury Secretary Henry Paulson saying the Treasury Department is "aggressively pursuing a comprehensive plan" to stem foreclosures. General Motors Corp. posted an 11% drop in U.S. November sales and also triggered investors to sell. Crude-oil futures gained 60 cents to settle at $89.31 a barrel. Gold futures stopped a four-day losing streak and gained $6.1 to $788.30 an ounce. DJIA -57.15 Nasdaq -23.83 S&P 500 -8.72