Financials Key Downward Spiral

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• Wild Swings End Ruinous Week

  Oct 10, 08 3:46 PM CDT
  Stocks swung erratically at the conclusion of today's trading session, with the Dow rebounding from a dip below 8,000 on an early 700-point plunge and making a quick trip into positive territory. The Dow and S&P 500 eventually recorded their worst weekly drops on record. The Dow fell 128.00 to 8,451.19. The Nasdaq actually gained 4.39, closing at 1,649.51, and the S&P 500 lost 10.70, settling at 899.22.
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• Dow Falls 678 to Sub-9,000 Close

  Oct 9, 08 3:32 PM CDT
  Stocks plunged in the last hours of trading today as a number of government moves did little to shore up investors' confidence, MarketWatch reports. The Dow’s losses accelerated sharply after it dropped below the psychological threshold of 9,000 points. It closed down 678.91 at 8,579.19; the Nasdaq lost 95.21, closing at 1,645.12, and the S&P 500 fell 75.02 to 909.92.
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• Stocks Fall 189 Despite Rate Cut

  Oct 8, 08 3:24 PM CDT
  Stocks fell nearly 190 points in a volatile day, with investors showing mixed opinions on whether an unprecedented global rate cut by the Fed and foreign central banks would help the credit crisis. After swinging in a 433-point range, the Dow closed down 189.01 points at 9,258.10, MarketWatch reports. The Nasdaq lost 14.55 points, closing at 1,740.33, and the S&P 500 fell 11.29 points to 984.94.
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• Dow Up 485 in Recovery Rally

  Sep 30, 08 3:37 PM CDT
  Stocks surged toward the end of today’s session to recover much of yesterday’s losses, but still finished September down, the Wall Street Journal reports. The markets rallied on confidence that lawmakers would reach agreement on a bailout plan by week’s end, with the Dow up 485.21 at 10,850.66. The Nasdaq climbed 98.60 to 2,082.33, and the S&P 500 gained 58.35 to close at 1,164.74. More »

• Dow Falls 777 On House Vote

  Sep 29, 08 3:42 PM CDT
  The Dow saw its biggest single-day drop ever today after the House rejected the financial bailout bill and adjourned until Thursday, MarketWatch reports. Equities and commodities were pounded equally as the Dow plunged 777.68 to close at 10,365.45 and oil fell $10.52, to $96.37 a barrel. The Nasdaq shed 199.61, closing at 1,983.73, while the S&P 500 lost 106.59 to settle at 1,106.42. More »