Are You a Bull or a Bear? Vote in Our Poll
Now that the bailout or rescue plan or whatever you want to call it is law, maybe the stock market will settle into some state of normalcy.
The major indices were wildly erratic this week, and finished near their session lows Friday. The
Dow Jones Industrial Average
, previously up as much as much as 313, ended down 157 points, or 1.5%, at 10,325.70.
The
S&P 500
gave back 15 points, or 1.4%, to 1099.24. The
Nasdaq
dropped 29.33 points, or 1.5%, to 1947.37.
For the week, the Dow lost 7.3%, the S&P 500 stumbled 9.4%, and the Nasdaq plummeted 14%.
The financial-assistance bill, which creates a Troubled Asset Relief Program, or TARP, to take toxic assets off banks' balance sheets, passed the House 263 to 171, and was quickly signed into law by President Bush.
This article was written by a staff member of TheStreet.com.









