Sep 9, 2008
U.S. stocks tumbled as a 45 percent drop in Lehman Brothers Holdings Inc. shook the banking industry, and oil’s plunge to a five-month low pushed energy companies down by the most in six years. [Read more]
Tags: dow jones ,
lehman ,
nasdaq ,
s&p 500
Sep 9, 2008
Major stock indexes were flat as investors mulled whether the government’s bailout of Fannie Mae and Freddie Mac will affect the root of the mortgage crisis — falling home prices and increasing rates of foreclosures.
Just after the opening bell, the Dow Jones Industrial Average was up 0,33% at 11547. The Nasdaq Composite Index up 0.45% to 2279.25. The S&P 500 fell 0.19% to 1265. [Read more]
Tags: dow jones ,
fannie mae ,
freddie mac ,
nasdaq ,
oil ,
s&p 500
Sep 8, 2008
U.S. stocks ended sharply higher Monday after the government seized mortgage giants Fannie Mae and Freddie Mac to prevent trillions of dollars in mortgage-backed securities from defaulting and to bring down mortgage rates nationwide.
The Dow Jones Industrial Average gained 289 points, or 2.6%, to end at 11,510, with 29 of its 30 components advancing. The advance among blue chips was led by a 7.8% rise in Bank of America, one of several major banks in competition with Fannie Mae. The S&P 500 index gained 25 points, or 2%, to end at 1,267, while the Nasdaq Composite rose 13 points, or 0.6%, to 2,269.
Tags: dow jones ,
fannie mae ,
freddie mac ,
nasdaq ,
s&p 500
Sep 6, 2008
U.S. stocks finished mostly higher Friday, but posted steep weekly losses, as the market digested a big jump in the unemployment rate in August, which confirmed this week’s bleak views on both the U.S. and the global economy. [Read more]
Tags: dow jones ,
nasdaq ,
s&p 500
Sep 6, 2008
U.S stocks recovered form the shock unemployment data created and finished the day green. Major indexes seesawed and finished mixed. [Read more]
Tags: dow jones ,
nasdaq ,
nyse ,
s&p 500