Wall Street Roundup: U.S. credit rating in doubt. Industrial production up.
Markets open down. Stocks fell after the opening bell. The Dow Jones Industrial Average dropped more than 20 points before beginning an upward move.
Industrial production up. Industrial production unexpectedly rose 0.1% in February from a month earlier, led largely by an increase in productivity from the mining sector. Analysts had expected a minor decline.
U.S. credit ratings in question. Moody's Investors Service said in a report that the United States and other leading economies are "substantially" closer to losing their top AAA credit rating due to recent borrowing binges.
Mexican money-laundering. Wachovia is said to be in talks to settle charges that the bank, now owned by Wells Fargo & Co., was used to launder Mexican drug money, the Wall Street Journal reported.
Google in China. Companies are planning where to move their online advertising if Google leaves the Chinese market soon, as many government figures are anticipating.
-- Nathaniel Popper