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Closing bell: End of bank rally brings the show down (AIG, EXPE, GM, MGM, XRX)

Posted Mar 20th 2009 4:10PM by Douglas McIntyre (RSS feed)
Filed under: After the Bell, General Motors (GM), Expedia Inc (EXPE), Amer Intl Group (AIG), Xerox Corp (XRX), S and P 500, DJIA, NASDAQ

After days of rallying, the market decided that bank stocks had gone much too far. With no first quarter earnings out, the fact is that the current quarter could still be tough. Financial shares could still reset lower. The market reacted accordingly.

The unofficial numbers for the day broke out like this:

Dow 7,278.38 -122.42 (-1.65%)
S&P 500 768.54 -15.50 (-1.98%)
Nasdaq 1,457.27 -26.21 (-1.77%)

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Continue reading Closing bell: End of bank rally brings the show down (AIG, EXPE, GM, MGM, XRX)

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 05:20 AM

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