U.S. stocks took a pounding Monday morning as fears over the financial crisis echoed around the world, despite the House finally passing a bailout bill Friday. The Dow sunk over 300 points in early morning trading, the Nasdaq was down 74 points, and the S&P 500 slipped 37 points.
Citigroup Inc., Bank of America Corp. and J.P. Morgan Chase & Co. all dropped 5%. National City was down more than 20%, while Sovereign Bancorp sunk 10%.
- Maria Woehr
Troubled Wall Street
Prices at 10:00 am EDT |
| Name |
Price at
open |
Price
at 10:00am |
Change |
Mkt cap |
| J.P. Morgan Chase & Co. |
43.15 |
43.55 |
-2.33 |
148.45B |
| Merrill Lynch & Co. |
25.23 |
25.18 |
-1.46 |
38.65B |
| Goldman Sachs Group Inc. |
122.10 |
119.11 |
-8.78 |
38.65B |
| Morgan Stanley |
22.50 |
21.20 |
-2.79 |
24.46B |
| Citigroup Inc. |
17.30 |
17.38 |
-0.97 |
94.80B |
| Fannie Mae |
1.19 |
1.11 |
-0.21 |
1.17B |
| Freddie Mac |
1.31 |
1.31 |
-0.19 |
795.83M |
| Bank of America Corp. |
34.48 |
32.82 |
-1.72 |
150.53B |
| Wachovia Corp. |
6.21 |
5.94 |
-0.27 |
12.72B |
| Wells Fargo & Co. |
35.48 |
34.23 |
-0.27 |
113.66B |
| American International Group Inc. |
3.88 |
3.86 |
-0.01 |
10.08B |
Source: The Deal |
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