Provided by Edward Jones, a member of the New York Stock Exchange
Dec. 11 2008, U.S. stocks fell and bond prices rose after this week's initial jobless claims jumped to a record high. Also weighing on the market were concerns over the auto industry's $14 billion rescue plan that may lack the votes needed to pass the Senate. Shares of financial companies led the market's decline.
The Dow Jones Industrial average was down 196.33 at 8565.09.
The Standard and Poor's 500 index was down 25.65 at 873.59.
The Nasdaq composite Index was down 57.60 at 1507.88.
The Dow Jones Transportation average was down 192.43 at 3251.73.
The Down Jones Utilities average was down 2.45 at 363.33.
Volume on the New York Stock Exchange was moderate, with 1.4 billion shares traded.
The five most active issues on the New York Stock Exchange for Dec. 10, 2008:
CitGroup Inc. DOWN $0.73 to $7.57.
Bank of America Corp. DOWN $1.78 to $14.91.
Pfizer Inc. DOWN $0.01 to $16.56.
General Electric Co. DOWN $0.95 to $17.05.
JPMorgan Chase & Co. DOWN $3.58 to $29.94.
At the closing, foreign markets were mostly lower.