Filed under: Citigroup Inc. (C), Bear Stearns Cos (BSC)

Today’s markets were foiled with worries of counter-party risks, and even the “denying of rumors” didn’t manage to help. You know that headlines of “Oil Nearing $108″ isn’t a huge help there. On the economic front, we saw some old data on January Wholesale inventories being +0.8%, above a forecast of +0.5%.

New York’s Governor Eliot Spitzer has been caught up in a prostitution ring, and even though he is no longer Attorney General this didn’t even manage to cheer Wall Street up after years of having Spitzer take down insurance companies, Dick Grasso, and more. Below are the day’s unofficial closing prices:

• DJIA 11,740.15 (-153.54; -1.29%)
• S&P500 1,273.37 (-20.00; -1.55%)
• NASDAQ 2,169.34 (-43.15; -1.95%)
• 10-YR T-Bond 3.438%; -0.1030 (bonds still trading)

There were a few major standout stocks today, mostly to the downside.

Continue reading Closing Bell: Market tank not even helped by Spitzer implosion

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This entry was posted on Tuesday, March 11th, 2008 at 7:23 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.