Investors are Cautious as Swine Flu Cases Increase

By: Madlen Read AP
By: Madlen Read AP

NEW YORK (AP) - The swine flu has given Wall Street a reason to
turn cautious.

The Dow Jones industrials gave up a midday recovery and fell 0.6 percent as the swine flu's death count in Mexico grew to about 150 people.

Far fewer cases are reported elsewhere, including the U.S., and no other deaths. Investors were also mindful of previous health scares with only short-term effects on the market.

Still, Wall Street decided to hedge its bets as U.S. cases of flu doubled to about 40.

The Dow is down 50 at 8,025, while the Standard & Poor's 500 index is down 8 at 857 and the Nasdaq composite index is off 14 at 1,679.

More than two stocks fell for each that rose on the New York Stock Exchange, where volume came to 1.38 billion shares.

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