Money Matters: E-Mail Us Your Financial Concerns In Wake Of Credit Crisis - Cleveland 19 News Cleveland, OH

Money Matters: E-Mail Us Your Financial Concerns In Wake Of Credit Crisis

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NEW YORK (AP) - Stock prices are lower in early trade as investors remain on edge. The Dow Jones Industrial Average is down 150 points in today's early going.

The Nasdaq Composite Index is off 29 points and the Standard-and-Poor's 500 Stock Index is down 20 points.

Stocks continue to spiral downward after yesterday's 504 point drop in the Dow.

The Federal Reserve has pumped 50 billion dollars into the nation's financial system in an attempt to stem credit stress. The central bank is meeting today on monetary policy. It is unclear what it will do with interest rates.

Shares of American International Group continue to plummet after credit ratings agencies slashed their ratings of the insurance giant.

Before the opening bell, Goldman Sachs reported its biggest drop in profits since going public in 1999. The investment bank says its third-quarter profit fell 71 percent to 810 million dollars.

The Labor Department says consumer prices posted the first decline in nearly two years in August. The CPI fell 0.1 percent, helped by the big drops in energy prices.

Crude has dropped sharply again this morning, after settling below $100 yesterday in New York.

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