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New York - U.S. Stocks Drop, Led by Banks

Published on: September 1, 2009 04:02 PM
By:  CNBC
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New York - Stocks skidded Tuesday amid worries about more bank failures and the fact that the market may have gotten ahead of the recovery. Oil prices fell nearly 3 percent to settle below $69

The Dow Jones Industrial Average was down nearly 200 points, or nearly 2 percent. The S&P 500 and Nasdaq also fell more than 2 percent, pushing the S&P below 1,000.

The big buzz in the market today was about the possibility that another bank default may be coming, which sent bank stocks sharply lower.


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 Sep 01, 2009 at 08:42 PM Anonymous Says:

Gambling, Gambling & Gambling, stop calling it Stock Market, one day banks are great the next day they are in trouble. purchasing stock is actually becoming a partner in a going concern, needs due dilligence, for one day? Time to stop this nonsense, but again a milking cow for the government.

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