Post @ October 7, 2008 # No Comment Yet
NEW YORK, Oct. 7 — The misery worsened on Wall Street Tuesday, with stocks piling on the losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points as concerns escalate about credit markets and the financial sector. The Dow lost more than 500 points and all the major indexes slid more than 5 percent.
Post @ October 6, 2008 # No Comment Yet
NEW YORK, Oct. 6 — Wall Street joined in a worldwide sell-off Monday, driving the Dow Jones industrials to their biggest point loss ever during a trading day. Even a big afternoon rally failed to keep the Dow from its first close below 10,000 since 2004.
Post @ October 4, 2008 # No Comment Yet
U.S. stocks fell last week by the most since the September 2001 terrorist attacks as the passage of a massive financial-market rescue package was overshadowed by worries that tightening credit markets will prolong an economic slowdown.
Post @ October 3, 2008 # No Comment Yet
NEW YORK, Oct. 3 — Congressional approval of the government’s $700 billion financial rescue plan Friday did little to lift the financial markets from their growing dejection over the obstacles still facing the economy. Wall Street ended an intensely volatile week with the Dow Jones industrial average falling 157 points and the major indexes all suffering big losses.
Post @ October 2, 2008 # No Comment Yet
NEW YORK, Oct. 2 — Pessimism about a protracted economic downturn washed over the markets Thursday, sending stocks plunging and further tightening the credit markets. Reports on declining factory orders and a seven-year high in jobless claims stoked fears that the government’s financial rescue plan will not ward off a recession.
Heather Landy @ October 1, 2008 # No Comment Yet
NEW YORK, Oct. 1 — U.S. stocks flirted with gains Wednesday but finished lower as investors waited for Congress to decide the fate of the $700 billion bailout proposal and considered the economic threats that might remain even if the legislation passed.
Post @ September 30, 2008 # No Comment Yet
NEW YORK, Sept. 30 — Wall Street snapped back Tuesday after its biggest sell-off in years as expectations grew that lawmakers would salvage a $700 billion rescue plan for the financial sector. But the frozen credit markets where businesses turn to raise money showed no sign of relief.
Post @ September 29, 2008 # No Comment Yet
NEW YORK, Sept. 29 — The government’s financial bailout plan failed in Congress on Monday, and stocks plunged precipitously, hurtling the Dow Jones industrial average down nearly 780 points in its largest one-day point drop ever. Credit markets froze further as fears spread that the economy was headed into a growing credit and economic crisis.
Post @ September 27, 2008 # No Comment Yet
Stocks fell last week as Congress failed to approve a $700 billion bank bailout.
Post @ September 24, 2008 # No Comment Yet
NEW YORK, Sept. 24 — Tension grew in the financial markets Wednesday, sending most stocks moderately lower as investors worried about the effectiveness of a still-emerging government plan to rescue banks from crippling debt. The credit markets also showed added strain, with demand rising for short-term Treasury bills, considered the safest of investments.