Updated from 2:59 p.m. EST
After fluctuating throughout much of Thursday's session, stocks on Wall Street took an afternoon dive as a slew of big-name companies announced layoffs, many retailers posted weak November same-store sales and the automakers appeared before Congress in search of a government bailout.
The Dow Jones Industrial Average was falling 266 points to 8325, and the S&P 500 was down 32 points to 839. The Nasdaq slipped 59 points to 1433.
The automakers were again in focus on Thursday. Earlier in the week, General Motors (GM Quote), Ford (F Quote) and Chrysler headed to Capitol Hill to seek government help as they navigate a precarious market climate. On Thursday, the CEOs of the Big Three once again were testifying before Congress about potential bailout legislation. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
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154.48
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19.14
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37.61
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0.48
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10 Yr
3.23%
SPDR Gold
115.06
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-1.48%
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-1.72%
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