<< Read Full Article
<< Read Full Article
Financial stocks were falling Wednesday morning, along with the broader markets, as investors continued to worry about whether the proposal to purchase up to $700 billion worth of banks' troubled assets would pass through Congress.
A report that manufacturing activity had contracted far further than expected, indicating that economic activity is rapidly slowing down, helped to push equities down as well. The NYSE Financial Sector Index was up 1.8% at 6,126.25, while the broader Dow Jones Industrial Average was off its low of more than 200 points, now down 0.1%, at 10,837.04.
Downey Financial (DSL Quote) fell sharply as investors continued to worry that its toxic loans may cause the bank to crumble or be bought on the cheap. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,312.57 | 1,100.74 | 2,207.36 | 35.46 |
Oil *
73.54
|
|
UP
4.31
|
UP
4.67
|
UP
27.31
|
UP
0.59
|
10 Yr
3.55%
SPDR Gold
109.06
|
|
+0.04%
|
+0.43%
|
+1.25%
|
+1.69%
|
Data delayed 20 minutes |
Connect with TheStreet