The Dow shot up at the end of the day by 121.07 points, mostly based on bank merger rumors and the Congress' continued bailout talks. J.P. Morgan Chase & Co. picked up Washington Mutual Inc. with rumors that the bank
might make more acquisitions. Meanwhile, Wachovia Corp.'s shares plunged on rumors that the bank
could be in merger discussions with Citigroup Inc., according to a New York Times report, and The Wall Street Journal lists Banco Santander SA and Wells Fargo & Co.
- Maria Woehr
Troubled Wall Street
Prices at 5:00 pm EDT |
| Name |
Price at
open |
Price
at 5:00pm |
Change |
Mkt cap |
| J.P. Morgan Chase & Co. |
40.55 |
48.24 |
4.78 |
165.80B |
| Lehman Brothers Inc. |
0.26 |
0.3 |
-.029 |
204.98M |
| Merrill Lynch & Co. |
25.30 |
27.36 |
1.25 |
41.83B |
| Goldman Sachs Group Inc. |
132.49 |
137.99 |
2.43 |
54.34B |
| Morgan Stanley |
23.73 |
24.75 |
-2.35 |
27.45B |
| Citigroup Inc. |
18.35 |
20.15 |
0.74 |
109.72B |
| Fannie Mae |
1.54 |
1.83 |
-0.11 |
1.96B |
| Freddie Mac |
1.58 |
2.00 |
0.14 |
1.29B |
| Bank of America Corp. |
33.76 |
36.70 |
2.33 |
167.36B |
| Wachovia Corp. |
10.10 |
10.00 |
-3.70 |
21.59B |
| Washington Mutual Inc. |
0.18 |
0.16 |
-1.53 |
272.86M |
| Wells Fargo & Co. |
33.27 |
37.31 |
3.19 |
123.46B |
| American International Group Inc. |
3.22 |
3.15 |
0.13 |
8.47B |
Source: The Deal |
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