Updated from 12:49 p.m. EDT
Stocks were sulking Thursday, as traders waited for the House of Representatives to follow up on the Senate's recent passage of a $700 billion bailout plan for financial firms.
The Dow Jones Industrial Average dropped 306 points to 10,525, and the S&P 500 was losing 35 points to 1126. The Nasdaq was slipping 70 points to 1999.
After the close of Wednesday's trading, the Senate passed the bailout bill with a 74-25 vote. The House of Representatives had rejected an earlier version of the proposal on Monday, and the stock market responded with one of its worst performances in recent memory. Among other revisions, the bill passed by the Senate included $110 billion in tax incentives aimed at fostering economic growth. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,390.11 | 1,103.25 | 2,189.61 | 34.48 |
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3.45%
SPDR Gold
113.11
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