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An already disheartened Wall Street turned sharply lower Wednesday after Treasury Secretary Henry Paulson said the government won’t buy banks’ soured mortgage assets after all, disappointing investors who hoped to see the bad debt wiped off companies’ books. The Dow Jones industrials fell more than 270 points, and all the major indexes dropped more than 2 percent as the market retreated for a third straight session.
Read more about Stocks Drop As Paulson Unveils Change In Bailout
Volatility kicked in again on Wall Street Tuesday,
as the reality hit that few industries are safe from the consumer
spending slump — whether they’re building homes, making cars or selling
coffee. The Dow Jones industrial average fell more than 200 points.
The Dow Jones industrial average is down more than 500 points at the 8,800 level. Wall Street tumbled again today after a disappointing retail sales report offered fresh evidence that an intractable freeze in the credit markets since last month has caused cracks in the economy well beyond the banking sector.
Read more about Dow Falls 500
The Dow Jones industrial average jumped more than 300 points in early trading today on top of yesterday’s historic 936-point gain. Wall Street surged again today as investors reacted enthusiastically to the U.S. government’s plans to spend $250 billion to buy stock in private banks.
Read more about After Historic Day, Dow Continues to Soar
Stocks plunged in the final hour of trading Thursday, sending the Dow Jones industrial average down more than 675 points, or more than 7 percent, to its lowest level in five years after a major credit ratings agency said it was considering cutting its rating on General Motors Corp.
Read more about Dow Keeps on Slipping
Wall Street is moderately higher in early trading, with investors encouraged by a Federal Reserve plan to buy massive amounts of short-term debt from companies.
The Federal Reserve announced Tuesday a radical plan to buy massive amounts of short-term debts in a dramatic effort to break through a credit clog that is imperiling the economy. Read more about Fed To Buy Massive Amounts of Short-Term Debt
