Stocks tanked with the Dow falling 678.91 points to
8,579.19, the
Nasdaq
diving
95.21 points to
1,645 and the S&P 500
falling 75.02 to
909.92. No sector was spared the punishment.
IBM Corp., Apple Inc. and many technology companies slipped into the red. Oil services
stocks also took a hit while auto shares plummeted with General Motors Corp. losing 31% and Ford Motor Co. falling 20%. S&P said it may downgrade both automakers.
The banking industry also got hit hard. Morgan Stanley took losses on rumors that Mitsubishi UFJ Financial Group Inc. might back out of its deal to invest in the troubled bank. National City Corp.'s shares remained stable on sale rumors.
- 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. |
41.03 |
37.94 |
-1.36 |
126.07B |
| Merrill Lynch & Co. |
18.30 |
12.46 |
-5.52 |
20.37B |
| Goldman Sachs Group Inc. |
117.75 |
100.52 |
-12.48 |
40.08B |
| Morgan Stanley |
17.98 |
12.45 |
-4.35 |
13.81B |
| Citigroup Inc. |
15.37 |
13.15 |
-1.25 |
70.41B |
| Fannie Mae |
1.19 |
1.01 |
-0.08 |
1.11B |
| Freddie Mac |
1.25 |
1.03 |
-0.14 |
666.43M
|
| Bank of America Corp. |
23.33 |
20.03 |
-2.07 |
89.55B |
| Wachovia Corp. |
3.75 |
1.31 |
-1.31 |
7.77B |
| Wells Fargo & Co. |
33.06 |
27.25 |
-4.65 |
90.17B |
| Sovereign Bancorp, Inc. |
4.80 |
3.26 |
-1.28 |
2.16B |
| National City Corp. |
2.77 |
2.15 |
-0.08 |
4.52B |
| Fifth Third Bancorp |
12.33 |
9.73 |
-2.28 |
5.62B |
| Capital One Financial Corp. |
37.40 |
33.41 |
-2.38 |
14.59B |
| US Bankcorp |
32.21 |
28.93 |
-1.90 |
50.40B |
| Regions Financial Corp. |
10.37 |
7.60 |
-2.15 |
5.28B |
| KeyCorp |
9.18 |
6.42 |
-2.58 |
3.18B |
| American International Group Inc. |
3.36 |
2.39 |
-36.50 |
20.24B |
Source: The Deal |
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