Replies to post #62525 on Traders of the Caribbean

[GuruTrader]

Wall Street falters as bank stocks weigh
Friday March 20, 2009, 11:36 am EDT
Buzz up! Print Related:JPMorgan Chase & Co.
NEW YORK (Reuters) - Stocks fell on Friday, dragged down by financial shares after a tepid debut of a Federal Reserve measure to revive lending.


Reuters - Traders work on the floor of the New York Stock Exchange March 18, 2009. REUTERS/Brendan McDermid ...

Related Quotes
Symbol Price Change
JPM 23.46 -1.49


{"s" : "jpm","k" : "c10,l10,p20,t10","o" : "","j" : ""} Among bank shares, JPMorgan (NYSE:JPM - News) was the Dow's biggest weight, down more than 5 percent. The Federal Reserve's long-awaited program to resuscitate consumer and small business lending, known as the Term Asset-Backed Securities Loan Facility (TALF), got off to a stuttering start on Thursday as investors largely stayed away.

The Dow Jones industrial average (DJI:^DJI - News) was off 5.66 points, or 0.08 percent, to 7,395.14. The Standard & Poor's 500 Index (^SPX - News) slipped 4.04 points, or 0.52 percent, to 780.00. The Nasdaq Composite Index (Nasdaq:^IXIC - News) was down 4.57 points, or 0.31 percent, at 1,478.91.

(Reporting by Leah Schnurr, Editing by Chizu Nomiyama)