Bush appointment fails to rally markets

THE US market opened badly yesterday on the back of the United Airlines bankruptcy announcement and a downgrade by IBM.

Tue, 10 Dec, 2002 - 00:00
Elaine Edwards

The markets failed to rally in the immediate aftermath of George W Bush's appointment of new treasury secretary John W Snow, news of which had been leaked over the weekend.

The Dow Jones was down more than 100 points in early trading.

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