Updated from 2:01 p.m. EDT
Stocks in New York hit fresh session lows Monday afternoon, as traders continued to assess the Treasury Department's massive weekend bailout plan for financial firms. Money flowed into crude-oil futures, prompting a sharp spike in prices.
The Dow Jones Industrial Average shed 256 points to 11,132, and the S&P 500 slipped 33 points to 1222. The Nasdaq gave back 64 points to 2210.
On Friday, the three major indices finished substantially higher. Financials led the rally after the Securities and Exchange Commission temporarily banned short-selling of 799 stocks in the sector. The Treasury announced over the weekend that it would iron out a plan to provide hundreds of billions of dollars to U.S. banks and brokerages to try to avert further damage from the credit crisis. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,501.05 | 1,114.11 | 2,212.10 | 35.46 |
Oil *
71.84
|
|
UP
29.55
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UP
7.70
|
UP
21.79
|
UP
0.06
|
10 Yr
3.55%
SPDR Gold
110.24
|
|
+0.28%
|
+0.70%
|
+0.99%
|
+0.17%
|
Data delayed 20 minutes |
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