Thursday, February 5, 2009

NYSE Loses 1.51% Closing At 7956.66


Via Yahoo Finance

U.S. stocks fell on Wednesday as a glum profit forecast from Kraft Foods signaled consumers are skimping even on the basics and investors worried that government efforts to rescue banks could
wipe out shareholders.

Bank of America shares fell below $5.00 for the first time since 1990
on speculation that spiraling losses at newly acquired Merrill Lynch, might lead to government control of the largest U.S. bank,
wiping out share holders.

More here Bank of America tumbles on Nationalization worries.