TITLE

Wall Street Life Raft Springs Leak

AUTHOR(S)
Schachter, Ken
PUB. DATE
September 2008
SOURCE
Red Herring;9/29/2008, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decline in U.S. stocks as the $700 billion Wall Street rescue plan fails in the House. The Dow Jones Industrial Average dropped 777 points and the Nasdaq's plunge accelerated at the close to 9.1 percent. Apple dropped $20.71, or 16.2 percent, while Google crossed the $400 level, losing $35.83. The bailout bill would have provided $250 billion to the Treasury, followed by another $100 billion installment.
ACCESSION #
36632218

 

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