US Stocks slide in Dow average’s worst Inauguration Day drop
Bloomberg
01/20/09
U.S. stocks sank, sending the Dow Jones Industrial Average to its worst Inauguration Day decline, as speculation banks must raise more capital sent financial shares to an almost 14-year low. State Street Corp., the largest money manager for institutions, tumbled 59 percent after unrealized bond losses almost doubled. Wells Fargo & Co. and Bank of America Corp. slumped more than 23 percent on an analyst’s prediction that they’ll need to take steps to shore up their balance sheets. The Dow’s 4 percent slide was the most on an Inauguration Day in the measure’s 112-year history, according to data compiled by Bloomberg and the Stock Trader’s Almanac...
http://tinyurl.com/a39z6a
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=inaugur
http://freepage.twoday.net/search?q=Obama
01/20/09
U.S. stocks sank, sending the Dow Jones Industrial Average to its worst Inauguration Day decline, as speculation banks must raise more capital sent financial shares to an almost 14-year low. State Street Corp., the largest money manager for institutions, tumbled 59 percent after unrealized bond losses almost doubled. Wells Fargo & Co. and Bank of America Corp. slumped more than 23 percent on an analyst’s prediction that they’ll need to take steps to shore up their balance sheets. The Dow’s 4 percent slide was the most on an Inauguration Day in the measure’s 112-year history, according to data compiled by Bloomberg and the Stock Trader’s Almanac...
http://tinyurl.com/a39z6a
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=inaugur
http://freepage.twoday.net/search?q=Obama
rudkla - 21. Jan, 09:00
