Goldman, Ash Fallout Hit Stocks - WSJ.com: "Investors continued to sell riskier assets following the civil-fraud charges against Goldman Sachs Group and concern about the economic impact of the grounding of flights in Europe.
The Dow Jones Industrial Average, which fluctuated between small gains and losses throughout the morning, was recently down two points at 11016. Alcoa was the measure's worst performer, off 2.4%, as it was hurt by slumping metals prices.
Investors continued to move to safer areas of the market. The dollar gained against both the euro and the yen, with the U.S. Dollar Index—reflecting the U.S. currency against a basket of six other currencies—up 0.3% recently.
Tom Villalta, lead portfolio manager at Jones/Villalta Opportunity Fund, said other financial-services companies could also come under increased SEC scrutiny. He said the charges against Goldman could also boost Democrats' chances of passing a strong"
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