The close: Obama signs, market withers

Post the first comment Back to the blog U.S. President Barack Obama signed the $787-billion (U.S.) stimulus package into law on Tuesday, unleashing money to help turn around the sputtering economy.

However, skeptical investors merely shrugged, keeping major stock market indexes on their path towards those November lows that had once been seen by optimists as the lowest point for stocks during the current volatility. The Dow Jones industrial average closed at 7552.60, down 297.81 points, or 3.8...

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