US markets end mixed

CNBC’s Margaret Brennan - Financial stocks stage to comeback on Monday and that help lessen the losses on the Dow, which ended the day down 38 points, the Nasdaq gained by 20, investors cashed in on the idea that tech stocks aren’t as vulnerable perhaps to this economic downturn. 

Lehman Brothers CEO, Dick Fuld told investors that he is taking responsibility for that the investment is paying USD 3 billion Q2 loss and the stock gained more than 5% on hopes that he will indeed turnaround Lehman Brothers. 

Goldman Sachs traded up more than 2% a day ahead of its earnings release. AIG shares fell half a percent though, after CEO Martin Sullivan was ousted from the World’s Largest Insurer.

It was a seesaw day for oil. Crude hit a new record just sigh USD 140/bbl before closing and at around USD 134/bbl on Saudi Arabia’s promise to boost production.  

Wall Street action:    

Fin stocks stage comeback help lessen losses for Dow
Dow dn 38 pts, Nasdaq up 20
Lehman Bros CEO takes responsiblity for Q2 loss; stock up 5%
Goldman Sachs up 2% ahead of results
AIG down 0.5% as CEO ousted
Crude oil hits new record of about 140/bbl before closing $138/bbl on Saudi Arabia's promise to boos production