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Thread: Bank worries weigh on stocks, S&P down 4.1 percent

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    Bank worries weigh on stocks, S&P down 4.1 percent

    NEW YORK (Reuters) - The S&P 500 briefly fell 4 percent on Tuesday as growing troubles in the banking sector and expectations for grim earnings weighed on the market.

    * The S&P index of financial stocks led the decline, falling nearly 12 percent. Shares of State Street Corp plunged more than 50 percent.

    * The Dow Jones industrial average lost 232.49 points, or 2.81 percent, to 8,048.73. The Standard & Poor's 500 Index tumbled 32.88 points, or 3.87 percent, to 817.24, after hitting a session low at 814.27. The Nasdaq Composite Index shed 67.38 points, or 4.41 percent, to 1,461.95.



     



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    i thought after getting to power of obama
    market will increase but it inverse
    very sad

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    Initially it will be like but lets see what reforms is Obama gonna implement

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    Wait and see is the game market watcher are playing

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    Ya somewhat like that...haha

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    thanksssssssssss
    hahahhahhah

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    hahahha...nice conversation by both of u politicians...

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    Thanx

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    Senior Member Array sunnyajmal's Avatar
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    welcome yaroo...

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