Stocks Fall as Bailout Plan Falters – Washington Post- About: Stock Trading News
Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Stocks fell last week as Congress failed to approve a $700 billion bank bailout. The S&P 500 tumbled 22 percent since its October record high on concern that more than $550 billion in credit losses and write-downs at financial firms worldwide, a slowing economy and faster inflation will hurt profits. Financial shares in the S&P 500 retreated 6 percent this week, fueled by a 12 percent plunge in the S&P 500 Banks Index on Monday, the biggest drop since the gauge’s creation in 1989. The Treasury will auction $26 billion of three-month bills and $27 billion of six-month bills on Monday. read more
Technorati Tags: billion, index, percent, 500, bills, comments, stock trading news
For more Stock Trading resources just click on any of the following links: Stock Trading , Online Trading , and Option Trading.