Sep
15
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Closing bell: Dow closes below 11,000; LEH nearly wiped out, AIG, WB, TTWO plunge
Filed under: After the bell, Major movement, Deals, Market matters, NYSE Euronext (NYX), Amer Intl Group (AIG), Wachovia Corp (WB), S and P 500, DJIA, Lehman Br Holdings (LEH), Housing, NASDAQ
today was easy to focal point on. and it was highly unpleasant. it was all about financial stocks and the meltdowns and the mingling and the bailouts. the huge end in grease after twister ike didn’t eliminate off the unguent infrastructure didn’t amount to anything at all. the beatings will continue, regardless of morale. the vix entreat 30 and that only helped for a brief bit. here are today’s unannounced closing bell levels:dow 10,954.07 (-504.48; -4.42%)nasdaq 2,186.66 (-81.36; -3.60%)s&p500 1,198.32 (-59.01; -4.71%)10yr t-note 3.483% (-0.247%)52-week lowslehman brothers (nyse: leh) led the carnage today. richard fuld held out in return durable merger terms too hard and it now looks like he made the entire firm pay the ultimate price. it is filing for chapter 11 and on the side of all expedient purposes is going bye-bye. shares were down 94% at $0.20 right in preference to the close.american universal categorize (nyse: aig) is also on the ropes. its shares were down 60% at $$4.78 immediately before the close. the prime warranty company in the world, or the prehistoric undivided anyway, is on the verge of collapse.
Continue reading Closing bell: Dow closes below 11,000; LEH nearly wiped out, AIG, WB, TTWO plunge
Gates foresees narrower US combat role in Iraq
(AP)
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