The Dow’s retreat today sent the gauge below this year’s closing low, erasing all the gains since mid-March that were spurred by JPMorgan Chase & Co.’s rescue of Bear Stearns Cos., a drop in the Federal Reserve’s benchmark interest rate to 2 percent and the central bank’s new lending programs for securities firms.
banks hurting
beating […]
fwiw: thursday
June 26th, 2008 · No Comments
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