Sunday, March 4, 2012

INVESTORS SNEER AT MODEST CUT.(BUSINESS)

Byline: AMY BALDWIN Associated Press

NEW YORK -- Disgruntled investors sold stocks lower Tuesday, suffering a letdown after Federal Reserve Chairman Alan Greenspan suggested interest rates will fall by a smaller amount than Wall Street wants.

Greenspan's remarks before a Senate committee overshadowed a retail sales report that indicated the economy isn't quite as weak as the market has feared. Investors are worried that smaller rate cuts will take longer to reinvigorate the economy.

``That's sort of disappointing the markets,'' said Hugh Johnson, chief investment officer for First Albany Corp.

The Dow Jones industrial average fell 43.45 to …

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