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At 11:06 a.m. ET, the Dow Jones Industrial Average ($INDU) was up by 170 points, or 1.6%, at 10,979. The S&P 500 ($INX) was up by 24 points, or 2.2%, at 1,145. The Nasdaq ($COMPX) was rising by 66 points, or 2.8%, to 2,425." :neener:






Stock market ended at 10,719 today.

S. Stocks Plummet, Led by Financials


All Dow Components and S&P 500 Sectors End in Negative Territory as Investor Concern Grows


Financial stocks led the decliners Wednesday as the Dow Jones Industrial Average plunged to an 11-month low. Citigroup fell $3.33, or 10%, to $28.49; Bank of America was off 83 cents, or 11%, to 6.77; J.P. Morgan Chase was down 2.03, or 5.6%, to 34.37; and American Express shed 3.30, or 7.2%, to 42.80.

Investors were squeezed between fears of further contagion among European banks and the Federal Reserve's gloomy economic outlook.

The blue-chip Dow fell 519.83 points, or 4.62%, to 10719.94 on Wednesday, more than reversing the previous day's exuberant gains. The Standard & Poor's 500-stock index slid 51.77 points, or 4.42%, to 1120.76 and the Nasdaq Composite lost 101.47 points, or 4.09%, to 2381.05.

The major indexes' declines off their April 29 highs now exceed the magnitude of the losses during the summer of 2010. The S&P 500 has fallen 18%, more than the S&P fell between late April and early July 2010.


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