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

Published on: September 1, 2009 04:02 PM
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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.

More of today's headlines

Englewood, NJ - The law firm of Kasowitz, Benson, Torres & Friedman LLP announced that it filed a lawsuit yesterday in New Jersey Superior Court, Bergen County, on... New York - New York Attorney General Andrew Cuomo says HSBC bank's credit card division is agreeing to a new national standard to serve customers who are blind or...



Read Comments (1)  —  Post Yours »


 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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