26Sep/080
Financial Journal for September 26 2008
|
Stock Quotes |
9/19/08 Close: |
% Change from Prior Week |
9/26/08 Close: |
|
Dow Jones |
11388.44 |
-2.2, down 245.31 pts |
11143.13 |
|
NASDAQ |
2273.90 |
-4.15, down 90.56 pts |
2183.34 |
|
S&P |
1255.07 |
-3.47, down 42.06 |
1213.01 |
Market Movers:
- WaMu goes bankrupt
- $700 billion bailout remains unsettled
Important Market Development Summaries:
- Wall Street closes mixed amid bailout concerns. MSNBC.MSN.com. Sept. 26, 2008.
- “Financial markets remained on edge Friday after the Bush administration's proposal for a $700 billion banking bailout ran into opposition from Republican lawmakers.”
- “WaMu Fails; JPMOrgan Buys Most of Its Assets” Fox Business. Sept. 25, 2008.
- After a wave of withdrawals, WaMu was forced to shutter its doors late Thursday night. Federal regulators seized it and most of its assets sold to JPMorgan.
- Ahead of the Bell: WaMu seeks buyer report says. AP. Sept. 24, 2008.
- Standard & Poor’s cuts WaMu rating to CCC from BB-.
- Ahead of the Bell: WaMu seeks buyer report says. AP. Sept. 24, 2008.
- After a wave of withdrawals, WaMu was forced to shutter its doors late Thursday night. Federal regulators seized it and most of its assets sold to JPMorgan.
- Bank of America and JP Morgan now first and second largest U.S. banks. Sept. 26, 2008.