Stocks recovered, with financial and technology stocks mostly in the green. The Dow
climbed 552.59 points to 8,835.25, the
S&P 500 increased 58.99 points to
911.29, and the Nasdaq jumped 97.49 points to
1,596.70. Stocks were up even though the government
released reports that jobless claims were above 500,000 and consumers are purchasing less foreign goods with the trade gap at $56.47 billion.
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Citigroup Inc. sunk below $9 a share earlier on reports that it might acquire
Chevy Chase Bank and its board could oust chairman
Win Bischoff. It recovered later in the day after
Citi said the bank was not searching for a new chairman. A big winner of the day was
CIT Group, which surged after it changed its status to a bank holding company.
- Maria Woehr
Troubled Wall Street
Prices at 4:00pm EST |
| Name |
Price at
open |
Price
at close |
Change |
Mkt cap |
| J.P. Morgan Chase & Co. |
34.65 |
37.19 |
2.62 |
138.80B |
| Merrill Lynch & Co. |
13.54 |
13.80 |
0.45 |
22.07B |
| Goldman Sachs Group Inc. |
67.79 |
69.99 |
3.20 |
27.67B |
| Morgan Stanley |
12.34 |
13.21 |
1.27 |
14.02B |
| Citigroup Inc. |
9.79 |
9.45 |
-0.19 |
51.49B |
| Fannie Mae |
0.66 |
0.62 |
-0.06 |
667.25M |
| Freddie Mac |
0.77 |
0.73 |
-0.02 |
472.32M |
| Bank of America Corp. |
17.16 |
17.10 |
0.10 |
85.80B |
| Wachovia Corp. |
5.27 |
5.64 |
0.47 |
12.18B |
| Wells Fargo & Co. |
27.51 |
29.09 |
1.79 |
96.73B |
| American International Group Inc. |
2.11 |
2.06 |
0.03 |
5.54B |
| Sovereign Bancorp Inc. |
2.26 |
2.62 |
0.46 |
1.73B |
| National City Corp. |
2.27 |
2.52 |
0.29 |
5.13B |
| Fifth Third Bancorp |
9.43 |
10.45 |
1.36 |
6.03B |
| Capital One Financial Corp. |
30.2 |
33.56 |
3.52 |
13.14B |
| SunTrust Banks Inc. |
34.64 |
35.67 |
1.65 |
12.63B |
| U.S. Bancorp |
25.46 |
27.38 |
2.21 |
48.04B |
| Regions Financial Corp. |
9.67 |
10.48 |
0.84 |
7.25B |
| KeyCorp |
9.6 |
10.69 |
1.08 |
5.29B |
| PNC Financial Services |
62.39 |
66.12 |
4.46 |
23.01B |
| BB&T Corp. |
28.97 |
29.89 |
1.31 |
16.51B |
| Bank of New York Mellon Corp. |
29.4 |
32.90 |
3.71 |
37.75B |
| State Street Corp. |
40.14 |
42.23 |
2.80 |
18.24B |
Source: The Deal |
