Well, after a disastrous day yesterday, National City's stock price came back by 39 cents today, to close at $1.75 (link).
Yesterday's NCC volume was over $312 Million compared to today's $213 Million.
Yesterday, the Dow closed down 777 points. It got back 485 of those points today, closing at
This partial recovery is thanks to the news that Congress will reconsider the bank rescue plan, a/k/a bailout, that went down in flames yesterday (CNN: Dow comes back big).
Tuesday, September 30, 2008
Monday, September 29, 2008
Bailout failure and stock market
On news of Congress's failure to pass the bailout legislation today, the Dow closed down 614 points.
It seems banks are falling left and right.
National City isn't doing too well, either.
It looks like NCC closed today at $1.36, which is down about 64% from this morning.
Washington is broke. We are in trouble.
Correction: On Monday, the Dow closed down 777 points.
It seems banks are falling left and right.
National City isn't doing too well, either.
It looks like NCC closed today at $1.36, which is down about 64% from this morning.
Washington is broke. We are in trouble.
Correction: On Monday, the Dow closed down 777 points.
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