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Investor Concerns Send Markets Plunging
Published: 02/23/09 04:38 PM EST
The markets plunged in afternoon trading to close at 1997 lows with the Dow collapsing 251 points to 7115 as investor concerns about the economy increased. Nasdaq slumped 54 points to 1388.
The markets plunged in afternoon trading to close at 1997 lows with the Dow collapsing 251 points to 7115 as investor concerns about the economy increased. Nasdaq slumped 54 points to 1388.

On the upside

Shares of United Air Lines parent UAL (UAUA) surged as oil prices fell.

In a customer satisfaction survey, Fifth Third Bancorp (FITB) scored much higher than four other major national retail banks.

The National Geospatial Intelligence Agency certified GeoEye (GEOY) as fully operational.

On the downside

Intel (INTC) will raise capital through the sale of debt, stock or other securities.

According to Thomas Reuters service IFR, Hewlett-Packard (HPQ) will sell $2.7 billion in notes.

Canaccord Adams downgraded Companhia Vale do Rio Doce (RIO).

In the broad market, declining issues outpaced advancers by a margin of nearly 6 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 16 points to 495.


MarketMinute.com Market Updates
Fri, Nov 20, 2009
03:54 PM Modestly Lower Close As Earnings Disappoint
12:20 PM Markets Down As Earnings Disappoint
08:45 AM Stocks Open Lower as Tech Sector Retreats
Thu, Nov 19, 2009
03:41 PM Record Mortgage Delinquencies Send Markets Tumbling
12:11 PM Record Number Of Mortgage Delinquencies, Markets Tumble
08:40 AM Stocks Open Lower on Stronger Dollar
Wed, Nov 18, 2009
04:15 PM Drop In Home Construction Weighs Down Markets
12:13 PM Markets Down Over Unexpected Drop In Home Construction
08:50 AM Stocks Open Lower on Housing Starts Decline
Tue, Nov 17, 2009
03:39 PM Upbeat Prospects Lift Markets To Modestly Higher Close
12:44 PM Markets Flat Over Disappointing Earnings
08:45 AM Stocks Opened Lower on Mixed Economic News
Mon, Nov 16, 2009
03:48 PM Bernanke's Comments Spark Rally
12:39 PM Better Than Expected Retail Sales Lifts Markets
09:00 AM Stocks Open Higher on Positive Retail Sales Report
Fri, Nov 13, 2009
03:52 PM Higher Close Over Upbeat Earnings
12:44 PM Upbeat Earnings Lift Markets
08:50 AM Stocks Open Higher as Investors Mull U.S. Trade Deficit Increase
Thu, Nov 12, 2009
03:40 PM Record Federal Deficit Weighs Down Markets
11:56 AM Same Store Sales Drop For Wal-Mart, Markets Slip
08:50 AM Stocks Open Mixed on Improving Job Outlook
Wed, Nov 11, 2009
03:41 PM Dollar Extends Slide, Markets Up
11:58 AM Markets Up With Interest Rates Poised To Remain Low
09:00 AM Stocks Open Higher on Strength of Global Economic Recovery
Tue, Nov 10, 2009
03:59 PM Mixed Close As Oil Retreats
12:43 PM Falling Home Prices Weigh Down Markets
08:50 AM Stocks Open Mixed as Dollar Stabilizes
Mon, Nov 09, 2009
03:37 PM Markets Rally Over Continued Economic Aid
12:24 PM Falling Dollar Lifts Markets
08:50 AM Stocks Open Higher on Global Economic Recovery Hopes
 

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