Aurion
12.07.08, 18:12
NEW YORK (CNNMoney.com) -- Stocks fell Friday, but closed off their lows, as fears that mortgage backers Fannie Mae and Freddie Mac would collapse eased after comments from a leading senator and talk that the Federal Reserve would open up its discount window.
The Dow Jones industrial average (INDU) lost about 128 points, or 1.1%, after briefly falling below 11,000 for the first time in nearly two years. The Standard & Poor's 500 (SPX) index lost 1.1%, briefly touching a more than 2 1/2-year low. The tech-heavy Nasdaq composite (COMP) lost 0.8% and remained above its March lows.
Source :
CNNMoney.com Market Report - Jul. 11, 2008 (http://money.cnn.com/2008/07/11/markets/markets_newyork/index.htm?postversion=2008071115&eref=ib_topstories)
The Dow Jones industrial average (INDU) lost about 128 points, or 1.1%, after briefly falling below 11,000 for the first time in nearly two years. The Standard & Poor's 500 (SPX) index lost 1.1%, briefly touching a more than 2 1/2-year low. The tech-heavy Nasdaq composite (COMP) lost 0.8% and remained above its March lows.
Source :
CNNMoney.com Market Report - Jul. 11, 2008 (http://money.cnn.com/2008/07/11/markets/markets_newyork/index.htm?postversion=2008071115&eref=ib_topstories)