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Market Update : 
Paulson to Succeed Snow
Author: Elena Todorova
123jump.com
Last Update: 11:50 AM EDT May 30 2006



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U.S. stocks extended losses Tuesday, dragged by disappointing same-store sales from Wal-Mart and climbing oil prices. The Nasdaq dropped 1% and the Dow industrials fell more than 100 points. Shares of Goldman Sachs fell 1.5% on the heels of news that the company''s Chairman and CEO Henry Paulson was nominated to replace John Snow as Treasury Secretary.

 

 

 

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