Index Value: 11,230.73
Trade Time:4:06PM ET
Change: -280.01 (-2.43%)
Prev Close: 11,510.74
Open: 11,514.73
Day's Range: 11230.73 - 11577.50
NEW YORK, Sept 9 (Reuters) - U.S. stocks finished sharply lower on Tuesday, with the benchmark S&P 500 suffering its worst percentage decline since late February 2007, as financial shares sold off on worries about Lehman Brothers' (LEH.N: Quote, Profile, Research, Stock Buzz) ability to raise much-needed cash.
A tumble in crude oil prices hit shares of energy companies, including Exxon Mobil Corp (XOM.N: Quote, Profile, Research, Stock Buzz) , compounding the market's losses as the euphoria tied to the bailout of Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FNM.N: Quote, Profile, Research, Stock Buzz) evaporated.
Based on the latest available data, the Dow Jones industrial average .DJI fell 280.01 points, or 2.43 percent, to close unofficially at 11,230.73.
The Standard & Poor's 500 Index .SPX dropped 43.28 points, or 3.41 percent, to end unofficially at 1,224.51. The Nasdaq Composite Index .IXIC slid 59.95 points, or 2.64 percent, to end unofficially at 2,209.81. (Reporting by Ellis Mnyandu; Editing by Leslie Adler) .
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Top Stories
http://finance.yahoo.com/
Stocks Thrashed as Lehman Shares Plunge 45 Percent- AP
Wall Street ends the day with a deep loss on fresh concerns about the stability of Lehman Brothers, with the Dow losing nearly 300 points.
Lehman Sinks Over 40 Percent on Capital Concerns- Reuters
Oil Down as Ike Shifts Course, OPEC Mulls Output- AP
July Pending Home Sales Fall More Than Expected- AP
Budget Deficit Nears Record Under Latest Estimates- AP
AIG Falls on Fresh Mortgage Market Concerns- Reuters
Dollar Slides as Lehman Worries Stir Up Markets- AP
Billions to be Shared by Enron Shareholders- AP
Apple's Jobs Shows New iPods, Jokes About Death- Reuters
Washington Wants Oil Down, Stocks Up Before Election, Harrison Says
Oil below $100 as OPEC signals steady prod
Brent's sharp decline came after OPEC's chief signaled the cartel would keep its production ceiling unchanged, despite sinking prices.
OPEC to keep oil flowing as prices fall
Source:ET,Reuters, Yahoo Finance etc
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