
left side is previous session's day chart and below is last day's chart
Banks led stocks lower on Thursday as investors fretted a widening foreclosure crisis could undermine the market's strength over the last five weeks.
The S&P 500 has rallied 11.9 percent since September 1 and volume has picked up from anemic levels. But the rally could weaken as an index of bank stocks fell nearly 3 percent on Thursday over growing fears the foreclosure problems could bleed into the broader credit markets and the economy.
"As we all know, the market hates uncertainty and this is a big one. Remember the subprime mess?," said Joe Saluzzi, co-head of trading at Themis Trading in Chatham, New Jersey.
Dow Jones Industrial Average
(DJI: ^DJI)Index Value: | 11,094.57 |
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Trade Time: | 4:01PM EDT |
Change: | ![]() |
Prev Close: | 11,096.08 |
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Open: | 11,096.99 |
Day's Range: | 11,023.54 -11,112.20 |
52wk Range: | 9,596.04 -11,309.00 |
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