Dow ends down 196 pts on auto bailout uncertainty

In US markets, stocks closed sharply lower led by financials after comments from JP Morgan CEO Jamie Dimon on the fourth quarter and as investors worried about the fate of the auto bailout. The Dow Jones plunged 196.33 points, or 2.24%, to 8,565.09.
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Dec 12, 2008, 09.48 AM | Source: Moneycontrol.com

Dow ends down 196 pts on auto bailout uncertainty

In US markets, stocks closed sharply lower led by financials after comments from JP Morgan CEO Jamie Dimon on the fourth quarter and as investors worried about the fate of the auto bailout. The Dow Jones plunged 196.33 points, or 2.24%, to 8,565.09.

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Dow ends down 196 pts on auto bailout uncertainty

In US markets, stocks closed sharply lower led by financials after comments from JP Morgan CEO Jamie Dimon on the fourth quarter and as investors worried about the fate of the auto bailout. The Dow Jones plunged 196.33 points, or 2.24%, to 8,565.09.

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In US markets, stocks closed sharply lower led by financials after comments from JP Morgan CEO Jamie Dimon on the fourth quarter and as investors worried about the fate of the auto bailout. JP Morgan closed down more than 10%. Bank of America and General Motors were the other stocks which closed lower more than 10%.

It was a bad day for economic data too, jobless claims stood at a 26-year high. October trade deficit widens more than expected while import prices drop more than expected.

The Dow Jones plunged 196.33 points, or 2.24%, to 8,565.09. The S&P 500 index declined 25.65 points, or 2.85%, to 873.59, and the Nasdaq composite index fell 57.60 points, or 3.68%, to 1,507.88.

A look at how the Indian ADRs performed:

Name
Infosys
Sify
Rediff.com India
Satyam
Wipro
ICICI Bank
HDFC Bank
MTNL
Tata Comm
Dr Reddy's Lab
Tata Motors
Patni Computer

Sterlite Ind

Symbol
INFY
SIFY
REDF
SAY
WIT
IBN
HDB
MTE
TCL
RDY
TTM
PTI

SLT

Price

23.98
1.43
2.03
12.22
7.47
16.9
64.18
3.16
21.3
9.40
4.37
5.62
6.10

Change
-1.09
0.01
-0.02
0.01
-0.25
-0.12
1.06
0.04
0.14
-0.45
-0.19
-0.23
0.23

Change%

-4.35%
0.70%
-0.98%
0.08%
-3.24%
-0.71%
1.68%
1.28%
0.66%
-4.57%
-4.17%
-3.93%
3.92%

Volume
2,269,396
108,132
41,182
1,523,810
857,636
3,423,133
926,066
170,013
485,099
144,955
754,854
60,036
1,591,471

High
25.26
1.44
2.16
12.78
7.97
17.75
66.68
3.23
22.38
9.75
4.55
5.87
6.40

Low
23.79
1.39
2.01
11.96
7.39
16.72
62.50
3.12
20.79
9.33
4.26
5.60
5.94

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Dow ends down 196 pts on auto bailout uncertainty

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