Independent, Fee-Only Financial Advisor

Independent, Fee-Only Financial Advisor

Monday, March 14, 2011

Monday

After dropping to their lowest levels in six weeks, U.S. stocks rebounded in late afternoon to end with modest losses. Many attribute the deep losses earlier in the day to investors struggling to assess the financial implications of Japan's disaster. General Electric was the Dow Jones Industrial Average's worst performer, dropping 2.2%. The company supplied reactor No. 1 at the Fukushima Daiichi nuclear power plant about 150 miles from Tokyo. There was an explosion Saturday at the reactor following Friday's earthquake and resulting tsunami. DJIA -51.24 Nasdaq -14.64 S&P 500 -7.89.