RealNews

Stocks Sink On Fear of Terror Attacks

No Good News to Balance Effects of Hamas Threats. Fear of terrorism gripped Wall Street on Monday, sending stock prices plunging and extending a steep decline that began last week. Selling began at the opening bell when the Palestinian group Hamas pledged retaliatory strikes against the United States and Israel after Israel killed the group’s spiritual leader. The mood darkened further as traders absorbed news that the Pakistani military had failed to capture senior al Qaeda leaders after a lengthy siege. “We got pretty banged around across the board,” said John O’Donoghue, co-head of equity trading at Credit Suisse First Boston. “It’s really the unstable geopolitical situation weighing on the market.” O’Donoghue also said there were no economic reports or earnings announcements to offset the unsettling international news. “You had a pretty major vacuum,” he said. Full Story

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