Stocks Down In Early Going

By: Tom Skinner
By: Tom Skinner

Stock prices are weaker in early trading. The Dow Jones Industrial Average is down in today's early going.

The Nasdaq Composite Index is off three and a-half points and the Standard-and-Poor's 500 Stock Index is down nearly five points.

Wall Street will be watching fresh economic data this week testing whether last week's market rebound continues.

The Dow Jones industrial average showed its biggest weekly point
gain in more than four years last week, rising nearly 391 points,
or 3 percent.

In the coming hour, the Institute for Supply Management releases its November index covering the manufacturing sector. Analysts look for the number to show slow growth.

On Friday, the government releases the monthly employment report. That's generally considered the most important monthly indicator.

In corporate news, Vivendi said it plans to acquire a controlling stake in Activision to combine it with Vivendi Games, creating a rival to Electronic Arts in the video games making business.


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