Stocks fall on war worries
27/03/2003 - 06:08:37Wall Street fluctuated and closed modestly lower as investors reacted to disquieting developments in the war in Iraq.
Traders also collected profits from Tuesday's advance and last week's big rally.
Stocks tumbled on reports that Iraq appeared prepared to use chemical weapons and on a warning from President George Bush that the conflict is far from over.
The Dow Jones industrial average closed down 50.35, or 0.6%, at 8,229.88, according to preliminary calculations. The Dow traded lower for most of the session, falling as much as 92.50, although briefly turned positive, eking out a gain of 4.76.
