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to, most recently, bankrupt telecom firm Global Crossing . Nortel slumped more than 6 percent, although the Canadian firm said stock deals leading to the executive's departure were not part of a wider scandal.
Lingering nervousness about other potential accounting blowups, uncertainty about the economy, fears of a possible attack on the United States and lackluster trading conditions kept the market under pressure.
"I still think the accounting issues hang over the market like a dark cloud," said Eric Gustafson, portfolio manager at Stein, Roe & Farnham. "Every day that we can complete without any further accounting scandals is healthy for the market...
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