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MILWAUKEE - Shares of the nation's food makers fell slightly Monday in a market-wide drop as investors reacted to the failure of the financial bailout package in the House.
Many stocks were already falling Monday, before the House defeated the $700 billion emergency rescue package. The failure prompted fear on Wall Street, which sent the Dow Jones industrial average down as much as 705 points.
Shares of Sara Lee Corp. fell 48 cents, or 3.6 percent, to $12.81, while Kraft Foods Inc. fell 49 cents, or 1.5 percent, to $32.44. Shares of Kellogg Co. fell $1.46, or 2.5 percent, to $55.93, while Chiquita Brands International Inc. fell 50 cents, or 3 percent, to $15.97.
Elsewhere in the sector, Kraft Foods Inc. fell 44 cents, or 1.3 percent, to $32.49 while Hormel Foods Corp.'s shares rose 12 cents, or 0.33 percent, to $36.50.
The bailout, which had been sought by President Bush and bipartisan congressional leaders, was expected to help the slumping financial industry.
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