The stocks doubled back after Friday morning's losses. The Dow plunged 697 points, falling below 7,900 in the first five minutes of trading. The Dow ended down 128.00 at 8,451.19, the Nasdaq was up 4.39 and ended at 1,649.51, and the S&P 500 was down a point pulling in the day at 899.22.
The market Friday left investment banks Goldman, Sachs & Co. and Morgan Stanley ailing. Shares tumbled on rumors that Mitsubishi UFJ Financial Group Inc. might back out of its investment in Morgan Stanley. There were also concerns that the two banks might be downgraded by Moody's Investors Service, according to
CNN.
Some banks pulled through. J.P. Morgan Chase & Co., Bank of America Corp. and Citigroup Inc. jumped ahead even as Citi backed away from its deal from Wachovia Corp.
- Maria Woehr
Troubled Wall Street
Prices at 4:00 pm EDT |
| Name |
Price at
open |
Price
at 4:00pm |
Change |
Mkt cap |
| J.P. Morgan Chase & Co. |
35.03 |
41.64 |
4.96 |
143.12B
|
| Merrill Lynch & Co. |
12.55 |
15.75 |
2.43 |
24.08B |
| Goldman Sachs Group Inc. |
86.11 |
88.80 |
-12.55 |
35.12B |
| Morgan Stanley |
9.19 |
9.68 |
-2.77 |
10.74B |
| Citigroup Inc. |
12.04 |
14.11 |
1.18 |
76.83B |
| Fannie Mae |
0.82 |
1.06 |
0.05 |
1.13B |
| Freddie Mac |
0.84 |
1.15 |
0.12 |
744.07M
|
| Bank of America Corp. |
19.40 |
20.87 |
1.24 |
96.21B |
| Wachovia Corp. |
4.35 |
5.15 |
1.55 |
11.12B |
| Wells Fargo & Co. |
25.43 |
28.31 |
1.06 |
93.68B |
| Sovereign Bancorp, Inc. |
2.96 |
3.81 |
0.55 |
2.53B |
| National City Corp. |
1.99 |
2.00 |
-0.15 |
4.20B |
| Fifth Third Bancorp |
9.55 |
10.40 |
0.67 |
6.01B |
| Capital One Financial Corp. |
31.70 |
35.54 |
2.13 |
15.74B |
| US Bankcorp |
27.00 |
30.36 |
1.43 |
52.89B |
| Regions Financial Corp. |
6.99 |
9.14 |
1.54 |
6.35B |
| KeyCorp |
6.73 |
6.79 |
0.37 |
3.36B |
| American International Group Inc. |
2.10 |
2.33 |
-0.06 |
4.20B |
Source: The Deal |
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