Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

After Big Drop, Stocks Hold

Dow takes 300-point tumble early, but market remaining stable

By Kevin Spak, Newser Staff

Posted Sep 15, 2008 11:51 AM CDT

(Newser) – Stocks have taken a beating today, with the Dow off more than 300 points early, the Wall Street Journal reports, but there’s been a noticeable lack of panic among traders. If the current loss holds steady, it will represent just the sixth-worst day this... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

There are no comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

Cops Shoot Naked Guy Eating Man's Face on Highway

Japanese Artist Serves Up Own Cooked Genitals

Wall Street Journal (Source Grid »)

'Lehman is going away'
MarketWatch

AIG plummets
Wall Street Journal

Banks hoard cash, send overnight rate up
Bloomberg

Money

Dow Jones • Merrill Lynch • Lehman Brothers • markets • AIG • financial sector • S&P 500 • financial crisis

More Newser Stories

Dow Ends Ugly Day Down 504

Lehman bankruptcy swamps week's first trading day

(NEWSER) - After a midday lull, stocks plummeted again late today as traders adjusted to the failure of Lehman Brothers and the acquisition of Merrill Lynch by Bank of America, Bloomberg reports. Lehman’s stock alone was down 94.9%. The Dow fell 504.48 to 10,917.51. The S&P 500 lost 59.01, its biggest drop since the 2001 terror attacks, closing at 1,192.69; the Nasdaq fell 81.36 to 2,179.91. More»

Stocks Plunge at Open

AIG, Lehman take huge hits, but Merrill takeover stabilizes market slightly

(NEWSER) - Stocks tumbled at the opening bell this morning, with the Dow dropping more than 300 points after a weekend that turned the financial industry on its head. Lehman Brothers’ collapse and AIG’s request for $40 billion from the Federal Reserve “are causing a major financial panic this morning,” said one strategist—though Bank of America’s takeover of Merrill Lynch injected some optimism, CNNMoney reports. More»

Housing, AIG Spur Losses

AIG is the troubled financial firm du jour

(NEWSER) - Stocks fell today as bad news from the housing and financial sectors diminished hopes that the economic slump will lift soon, the Wall Street Journal reports. The Dow fell 241.81 points to 11,386.25, led by a 5.5% loss at beleaguered insurer AIG. The Nasdaq fell 49.12 points to close at 2,365.59, while the S&P 500 shed 25.36 points to settle at 1,266.84. More»

Dow Plunges 449 Points

SEC moves to restrict short selling

(NEWSER) - Stocks plummeted again today as insecurity about the financial system gripped the markets, the Wall Street Journal reports. The AIG bailout proved to be of little comfort to traders, who quickly began betting on the next big firm to fall. The Dow closed down 449.36 points to 10,609.66. The Nasdaq fell 109.05, closing at 2,098.85, and the S&P 500 lost 57.21 points, settling at 1,156.39. More»

Investors Wary; Stocks Mixed

Lehman's floundering continues to stir fear in financial sector

(NEWSER) - The markets ended mixed today, as Lehman Brothers foundered and financial firms continued to take hits, MarketWatch reports. Weekly gains were slim, despite Sunday’s Fannie and Freddie bailout, which was supposed to calm investor fears and boost the markets. The Dow closed down 11.72 at 11,421.99. The Nasdaq rose 3.05 to 2,261.27, while the S&P 500 gained 2.64, closing at 1,251.69. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

After Big Drop, Stocks Hold

Dow takes 300-point tumble early, but market remaining stable

Dow Jones • Merrill Lynch • Lehman Brothers • markets • AIG • financial sector • S&P 500 • financial crisis

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Dow Ends Ugly Day Down 504

Lehman bankruptcy swamps week's first trading day

Stocks Plunge at Open

AIG, Lehman take huge hits, but Merrill takeover stabilizes market slightly

Housing, AIG Spur Losses

AIG is the troubled financial firm du jour

Dow Plunges 449 Points

SEC moves to restrict short selling

Investors Wary; Stocks Mixed

Lehman's floundering continues to stir fear in financial sector

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?