09/09/2008: oil $103.26; DOW: 11,203, was down 226 points
09/10/2008: oil $102.58; DOW: 11,268
09/15/2008: oil $95.71; DOW: 10,917, was down 503.99 points or 4.41%.
Lehman Brothers, burdened by $60 billion in soured real-estate holdings, filed for Chapter 11 bankruptcy early Monday morning after attempts to rescue the 158-year-old firm failed.
Also, Bank of America Corp. said it is snapping up Merrill Lynch & Co. Inc. in an $50 billion all-stock transaction.
09/16/2008: DOW: 11,059. Fed rescues AIG.
09/17/2008: DOW: 10,609
09/18/2008: oil: $100
09/25/2008: WAMU seized by Fed. Sold to JP Morgan Chase.
09/29/2008: DOW: 10,365; oil: $96.37. Congress did not pass $700B bailout plan. Citigroup will acquire the banking operations of Wachovia for $2.2 billion in an all-stock dea.
09/30/2008: DOW: 10,850; oil: $100.64
10/03/2008: DOW: 10,325; Bail-out is signed into law.
10/06/2008: DOW: 9,955;
10/08/2008: DOW: 9,258; oil: $88.95
10/27/2008: DOW: 9,065; oil: 62.73
No comments:
Post a Comment