ANOTHER DAY OF STOCK LOSSES

Published on .

The stock markets suffered another day of losses March 14 after foreign markets followed the U.S. into a trough. The Dow Jones Industrial Average lost 317.40 points to close at 9,973.40. The Nasdaq market also took a hit, losing 42.68 points to close at 1972.10, and the Standard & Poor's 500 index lost 30.95 to close at 1,166.71. Losses were spread among all sectors.

Among agency stocks, Cordiant Communications Group and Grey Global Group -- both the subject of takeover speculation -- were up along with Canadian company MDC Corp. Grey was up 0.14%, gaining $1 to close at $708, Cordiant rose 1.01% to close up $0.20 at $20 and MDC was up 1.64%, up $0.13 to close at $7.75. MarchFirst suffered a third-straight day of losses as investors bailed out of the troubled company. Its stock lost another 4.76% of its value, down $0.03 to close at $0.63.

Copyright March 2001, Crain Communications Inc.

In this article:
Most Popular