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March 20/09 - U.S. stocks were trading in red on Friday as bank shares slid following news of a tepid debut of a key U.S. Federal Reserve measure to revive lending.
JPMorgan dropped more than 4 percent to $23.80, making the stock one of the top drags on the Dow Jones Industrial Average(DJIA), while Bank of America plummeted 11 percent to $6.16.
When last posted all the major stock markets of USA were in red . and further adding to the downturn is that people are not expecting any good news in near future as AIG bonus news were heard and if the Bonus Tax is passed as law (ie tax on the money given as bonuses to employees ) then it can give rise to brain drain in US. So the future looks much bleek and we can see couple of trading sessions in red too tomorrow too.
posted under - Dow Jones updates, Dow Stocks, DJIA stocks, Nasdaq stocks, nasdaq rates, wall street updates, DJIA, Nasdaq, S & P stocks news
Showing posts with label Nasdaq. Show all posts
Showing posts with label Nasdaq. Show all posts
Friday, March 20, 2009
Wall Street down due to banks (DJIA, Nasdaq, S & P 500 stocks updates)
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