U.S. stocks near session lows as Fed chief speaks
NEW YORK (MarketWatch) -- U.S. stocks remained near session lows in mid-afternoon trade Monday, as assurances from Federal Reserve Chairman Ben Bernanke that the Fed still has firepower to help credit markets couldn't immediately offset concerns over a global recession. The Dow Jones Industrial Average was down 444 points, or 5%, at 8,384, near its intraday low of 8,362. The S&P 500 index dropped 54 points, or 6%, to 841, while the Nasdaq Composite lost 96 points, or 6.3%, to 1,438.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Dec 1, 2008 6:58 PM [GMT]
found in Business: Markets
NEW YORK (MarketWatch) -- U.S. stocks remained near session lows in mid-afternoon trade Monday, as assurances from Federal Reserve Chairman Ben Bernanke that the Fed still has firepower to help credit markets couldn't immediately offset concerns over a global recession. The Dow Jones Industrial Average was down 444 points, or 5%, at 8,384, near its intraday low of 8,362. The S&P 500 index dropped 54 points, or 6%, to 841, while the Nasdaq Composite lost 96 points, or 6.3%, to 1,438.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – Dec 1, 2008 6:58 PM [GMT]
found in Business: Markets
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