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US markets end flat
Published on Tue, Jun 24, 2008 at 08:13 , Updated at Tue, Jun 24, 2008 at 09:39
Source : moneycontrol.com
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US markets retreated, sending financial shares to their lowest level in five years, on a deteriorating outlook for bank earnings. Merrill Lynch, Morgan Stanley and Lehman Brothers Holdings inc. helped lead the drop after Bank of America cut income estimates for brokerages and Goldman Sachs advised selling bank shares as credit losses linger into 2009. American International Group, the largest insurer, tumbled to the lowest since 1997. The Dow Jones industrial average dropped 0.33 points, or less than 0.01%, to 11,842.36. The Standard & Poor's 500 index gained 0.07 points, or 0.01%, to 1,318.00, and the Nasdaq composite index lost 20.35 points, or 0.85%, to 2,385.74. A look at how the Indian ADRs performed:
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From earlier part... 4. This was not an end. The lending Banks like CitiGroup, Wachovia, etc pooled the sub-prim...
in Other Market Topics - venkat_c at 11-Oct-08 01:59
Thanks. Of course 8500 sensex is just possible but not 3000 sensex....
in Other Market Topics - vkk43 at 11-Oct-08 06:44
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