Tuesday
May032011
Stocks Fall Tuesday Despite Rallying Start
Comstock/Thinkstock(NEW YORK) -- Tuesday's stocks started off with a rally and ended with a thud. At the day's close, the Dow eked out the smallest of gains, up just a fraction. The Nasdaq lost 22 points and the S&P fell five.
Pfizer saw the largest decline on the Dow Tuesday, falling 58 cents after reporting decreased revenue. Economists had expected a better outcome for the the pharmaceutical company, according to The Wall Street Journal.
U.S. factories keep humming along, however. The Commerce Department reported Tuesday that production rose three percent in March, showing that manufacturing has become one of the strongest sectors of the economy.
Copyright 2011 ABC News Radio





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