Stocks Rebound After 400-Point Plummet

Related Newser Stories

• Stocks Open Down on Bailout Impatience

  Oct 1, 08 8:55 AM CDT
  Stocks started off on the wrong foot this morning as investors awaited smoke signals from Congress. The Dow dropped 122 points, while the S&P and Nasdaq fell 1.3% and 0.9%, respectively. The session is likely to be a volatile one, with the Senate’s expected bailout vote tonight seen as a major turning point. “Given the political capital invested by all sides, we think that ultimately a deal will be reached,” said one strategist. More »

• Market to Congress: Time's Up

  Sep 27, 08 11:50 AM CDT
  Henry Paulson’s bailout plan isn’t perfect, writes Joe Nocera in the New York Times, but we have to enact it anyway because time has run out. “With every passing day, Congress is fiddling while Rome is burning,” says Nocera, just last week a bailout opponent. Lawmakers need an agreement Monday, he predicts, to avoid a Wall Street revolt. “No deal, no credit markets. It’s as basic as that.” More »

• Stocks Creep Up at Open

  Sep 23, 08 9:14 AM CDT
  Stocks moved slightly upward at the opening bell today, as investors anxiously watched Washington for bailout signals, the Wall Street Journal reports. The Dow rose 75 points at the open, with the Nasdaq and S&P both up more than 0.8%. The positive open follows a big drop yesterday as traders worried the bailout would get caught up in Congress. More »

• You 'Can't Afford Not to Own Gold'

  Sep 22, 08 8:35 PM CDT
  Investors simply "must own gold" in financially shaky times like these, Jim Cramer said on his Mad Money TV show today—after gold spiked 16% in the last week and topped $900 an ounce. Cramer called gold a safe haven regardless of whether Treasury Secretary Henry Paulson's $700 billion bailout plan works, Scott Rutt reports on TheStreet.com. More »

• AIG Credit Rating Cut Triggers Mad Dash for Cash

  Sep 16, 08 1:35 AM CDT
  Insurance giant AIG teetered on the brink of catastrophe last night as ratings agencies downgraded the beleaguered firm's credit ratings, forcing it to raise $14.5 billion to meet debt obligations, reports the Wall Street Journal. Federal Reserve officials were holding emergency talks with Goldman Sachs and JPMorgan Chase in an effort to assemble a $75 billion line of credit to avert a crisis.
  More »