Wall Street hurt by banks

Posted by 7Star Saturday, March 21, 2009

US stocks slid on Friday as the Federal Reserves plan to rekindle consumer and small business lending fell short of expectations and General Electric was hit by analysts bearish comments. Financial shares fell for a second day, giving up some of their recent sharp gains after investors applied for less than 2.5 percent of the $200 billion the Fed pledged to lend through a program considered key to reviving ailing banks.

0 comments

Post a Comment

Labels

Followers

Archive

BlogCatalog