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Updated from 10:03 a.m. EDT
A busy weekend for lawmakers resulted in a dismal Monday for investors.
First, it was announced that the White House rejected General Motors'(GM Quote) and Chrysler's restructuring plans and is now pushing bankruptcy for one or both of the companies. Shares of GM were down 34 cents, or 12.6%, at $2.36 in Tuesday afternoon trading.
Meanwhile, during an interview on Sunday, Treasury Secretary Timothy Geithner indicated that banks will likely need significantly more capital. Investors, fearing that the financial crisis is not over, booked profits from the recent weeks-long rally. Financials were down more than 9% for the day, leading the Dow's 250-point loss. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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