Breaking News Alert The New York Times Wednesday, November 5, 2008 -- 4:11 PM ET ----- Stocks Slump After Election Rally The post-election bounce never materialized Wednesday. Investors took profits and dealt with another round of bleak economic news as shares on Wall Street eclipsed their gains from Election Day. The selling began early after a report showed that the nation's service sector contracted in October, falling at the fastest pace since records began in 1997 and accelerated in the final minutes. At the close, the Dow Jones industrial average was down 5 percent, or 486.01 points. The broader Standard & Poor's 500-stock index declined 5.2 percent. Read More: http://www.nytimes.com/?emc=na ----- Now get the New York Times Breaking News to your mobile phone. Sign up for the alerts by texting NEWSALERTS to 698698 (NYTNYT). ----- About This E-Mail You received this message because you are signed up to receive Breaking News Alerts from NYTimes.com. To unsubscribe, change your e-mail address or to sign up for daily headlines or other newsletters, go to: http://www.nytimes.com/email NYTimes.com 620 Eighth Ave. New York, NY 10018 Copyright 2008 The New York Times Company
-- Posted By Breaking News to Break News at 11/05/2008 11:14:00 PM
