Hohokus NEWS - US STOCKS-AIG fallout, economic worry slam Wall Street - Reuters Hohokus NEWS - US STOCKS-AIG fallout, economic worry slam Wall Street - Reuters

Monday, March 2, 2009

Hohokus NEWS - US STOCKS-AIG fallout, economic worry slam Wall Street - Reuters

NEW YORK, March 2 (Reuters) - U.S. stocks slid on Monday in a broad sell-off as a record $61.7 billion quarterly loss at embattled insurer American International Group ( AIG.N ) fueled fears that the global financial crisis is spiraling widely. The Hialeah NEWS

Treasury debt prices rallied Monday in a robust safe haven bid as stocks fell below the 12-year lows hit last week on deepening concerns about financial institutions. The benchmark 10-year Treasury note 's yield, which moves inversely to its price Hialeah NEWS

, C , BAC , XOM , CVX ( Cramer's Pick ) , JNJ , AIG , BRK.A Elizabeth Trotta In commodities, oil was falling $2.91 to $41.85 a barrel, while gold declined $7 to $935.50 an ounce. More from Elizabeth Trotta GE Cuts Dividend, Markets Fall Into Weekend Hialeah NEWS

Stop putting them in the same category as unicorns and the Loch Ness Monster. A well-performing financial stock is no myth. As the credit crisis continues, however, financial sector outperformers are exceedingly rare and hard to find. BusinessWeek Hialeah NEWS

NEW YORK (CNNMoney.com) -- Stocks slumped Monday morning, with the Dow falling below 7,000 for the first time in more than 11 years after insurance company AIG posted the biggest quarterly loss in U.S. history. The Dow Jones industrial average ( INDU Hialeah NEWS

(RTTNews) - After showing a steep decline at the open, stocks have seen some further downside over the course of morning trading on Monday. The major averages have all moved sharply lower, with the Dow pulling back below the 7,000 level for the first Hialeah NEWS

Banks tumbled and led an across-the-board decline in U.S. stocks Monday despite new moves by firms around the world to shore up their books. The Dow Jones Industrial Average was recently off about 170 points at 6,890. The benchmark slid under 7000 on Hialeah NEWS

1 comment:

Immediate said...

Today's Fresh Ideas · Featured Merchants · Neighborhood Pictures · Community Calendar · Recipe Exchange · FREE Classified Ads · Hohokus News ...Immediate Fixed Annuities