RealNews

Terror Alert and Case of Mad Cow Disease Hurt Stocks

Stocks edged lower yesterday, pressured by renewed fears of a terrorist attack in the United States and a sell-off in shares of McDonald’s on news that a cow tested positive for mad cow disease in Canada. Earlier, the federal government raised its terror alert status to the second-highest level. The decision to change the color-coded alert to high, or orange, from elevated, or yellow, followed a warning from the Federal Bureau of Investigation that an attack on American soil was possible, though it had no specific threat information. “You had the terror alert earlier and some people sold on that, but then cooler heads prevailed,” said Bob Basel, senior trader at Smith Barney. The Dow Jones industrial average slipped 2.03 points, or 0.02 percent, to 8,491.36. The broader Standard & Poor’s 500-stock index edged down 1.04 points, or 0.11 percent, to 919.73. The technology-heavy Nasdaq composite index also slipped, dropping 1.68 points, or 0.11 percent, to 1,491.09. Full Story

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