Stocks point lower after stocks surge
Stocks pointed lower early Tuesday a day after stocks surged by the biggest amount since October.Some pullback was to be expected a day after the Dow Jones industrial average jumped 498 points, or 6.8 percent, after the government detailed a plan to take over up to $$1 trillion in bad mortgage securities with the help of private investors.
Stocks have plunged again to levels not seen in more than five years as hopes fade that lawmakers will soon put together an aid package for US automakers.Huge declines in the financial and energy sectors led stocks lower Thursday.