<< Read Full Article
<< Read Full Article
Updated from 10:53 a.m. EDT
Stocks on Wall Street plunged Monday as traders awaited action by Congress on government support for the financial sector and assessed Citigroup's (C Quote) government-assisted purchase of Wachovia (WB Quote).
The Dow Jones Industrial Average dropped 283 points to 10,860, and the S&P 500 lost 44 points to 1169. The Nasdaq plummeted 86 points to 2097.
Over the weekend, Congress was finalizing the Treasury's $700 billion bailout proposal to aid the floundering financial sector. A report from the Associated Press indicated that the House of Representatives would vote on the bill Monday, and the Senate would follow suit later in the week. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
Connect with TheStreet