US stock market gets hammered

[Guest guest]

Dear friends,

 

Following the failure of the US Congress to approve the rescue bill proposed by the leaders of both parties and President Bush, the stock market has taken a beating:

 

 

 

 

 

 

Sep 29, 2008

US Market Closed

 

 

 

 

 

 

DJIA 10394.92 -748.21 -6.71%

NASDAQ 1983.73 -199.61 -9.14%

S & P 1106.42 -106.85 -8.81%

 

 

 

 

 

Symbol

Last Sale

Change

% Change

Share Volume

MarketNew! Dynamic quotes, click this link to turn:On. Updates every 7 Seconds.

 

GOOG

$ 381

$ 50.04

11.61%

10,650,426

NASDAQ-GS

 

AAPL

$ 105.26

$ 22.98

17.92%

92,916,217

NASDAQ-GS

 

BSC

$ 8.7201

$ 0.80

8.4%

9,500

PSE

 

 

 

 

C

$ 18.98

$ 1.17

5.81%

186,667,496

NYSE

 

WFC

$ 36.8684

$ 0.4416

1.18%

59,375,162

NYSE

 

BAC

$ 30.25

$ 6.45

17.57%

96,240,889

NYSE

 

V

$ 57.80

$ 4.24

6.83%

17,096,980

NYSE

 

 

 

 

 

 

 

SNIC

$ 4.30

$ 0.38

8.12%

88,613

NASDAQ-GS

 

DELL

$ 15.41

$ 1.59

9.35%

38,858,589

NASDAQ-GS

 

PHG

$ 25.60

$ 3.51

12.06%

1,604,674

NYSE

 

NOK

$ 17.60

$ 2.08

10.57%

20,971,998

NYSE

 

SLAB

$ 29.85

$ 1.23

3.96%

1,336,877

NASDAQ-GS

 

WMT

$ 58.45

$ 2.26

3.72%

26,484,205

NYSE

 

 

updated 14 minutes ago

 

U.S. lawmakers reject bailout plan

 

 

Story Highlights U.S. House of Representatives rejects $700B bailout plan by 205-228 votes

Dow Jones plunges; President Bush "very disappointed"

Republicans blame senior Democrat for speech alienating their support

Plan gave U.S. Treasury authority to buy troubled assets from financial institutions

 

 

 

 

 

 

 

 

 

 

 

 

(CNN) -- U.S. lawmakers in the House of Representatives on Monday voted against the biggest proposed government intervention in the U.S. economy since the Great Depression of 1929.The news board delivers the bailout defeat to New York streets on Monday. Government officials, Treasury chiefs and political leaders from both sides of the political divide thought they had agreed Sunday on the details of a $700 billion rescue plan that would prop up the nation's ailing financial system -- and be supported in the House of Representatives.

As it became apparent the vote was lost, the Dow plunged and closed about 690 points down.

Republicans and Democrats blamed each other for the result -- 205 to 228 against the bailout.

President George W. Bush was "very disappointed," his spokesman, Tony Fratto said. Bush will be meeting with his advisors and will be calling congressional leaders, Fratto added.

 

http://edition.cnn.com/2008/BUSINESS/09/29/us.congress.bailout.deal/index.html

 

Best wishes,

 

Thor