The Week in Review is provided by The Stock Market Game, which is a curriculum-based teaching tool that allows students to invest a hypothetical $100,000 online stock portfolio to learn about long-term saving and investing.
The Stock Market Game Week in Review: March 17-20
It was a wild week on Wall Street. The markets tumbled on Monday, Mar. 17 after JP Morgan Chase & Co. (JPM Quote) agreed to pay just $2 per share to buy Bear Stearns (BSC Quote), the country's fifth-largest investment bank
.
Last week, Bear endured Wall Street's version of a run-on-the-bank. Investors feared the firm was experiencing liquidity
problems and began withdrawing their money in droves. Unable to remain solvent without assistance, Bear Stearns sought help from the Fed
as well as JP Morgan to save it from certain demise. A loan deal was worked out so the Fed would, in effect, loan Bear money through JPMorgan.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,337.05 | 1,095.94 | 2,183.73 | 34.23 |
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