New York Stock Exchange
U.S. stocks are mixed Friday after a week of brutal selling pushed them to new yearly lows.
Traders observed a moment of silence just before the market opened this morning to remember the victims of the terrorist atacks. Later, family members of the stock exchange who lost loved ones on 9/11 will ring the closing bell.
Operators of the historic Big Board and other major U.S. exchanges said they plan to open for trading as usual. Their announcements came after city officials said damage from Tropical Storm Irene wasn’t as severe as feared in New York’s financial district.
The Dow Jones industrial average at one point was down more than 500 points. It’s now down 436 at 10,973.
Wall Street was not for the faint of heart Friday. The breathtaking peaks and valleys of the day came to an end with the Dow closing up 61 points.
Artist Zefrey Throwell organized the 5-minute piece, which he said was a social critique of Wall Street and involved dozens of volunteers acting out the motions of people at work.
Mark Haines, co-anchor of CNBC’s morning “Squawk on the Street” show, died unexpectedly on Tuesday evening, the network said. He was 65.
The parent company of the New York Stock Exchange said Sunday that it rejected an $11.3-billion bid from Nasdaq and IntercontinentalExchange to buy the company.
Stock indexes lost 2 percent and gave up nearly all of their gains for the year Wednesday. All 10 company groups that make up the Standard & Poor’s 500 index fell.
The Federal Reserve expressed more confidence in the U.S. economy even as Japan’s nuclear crisis raised worries around the globe. The Fed said Tuesday that the economic recovery is on “firmer footing” and the jobs market is “improving gradually.”
GM returned to life as a public company as its stock started trading for the first time since the American manufacturing icon collapsed into bankruptcy last year.
Stocks are down for a third day on more disappointing earnings and economic news.
Stocks and interest rates are down sharply as investors take a bleaker view of the U.S. economy. The Dow Jones closed down 265 points.
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