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Thursday, March 5, 2009

Dow Ends Below 6,600; Citi Dips Below $1

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Thursday, Mar. 05, 2009
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DOW 6594.44 -281.40 -4.09%  
NASDAQ 1299.59 -54.15 -4%  
S&P 682.55 -30.32 -4.25%  
 
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WHAT YOU SHOULD KNOW
Dow Ends Below 6,600; Citi Dips Below $1
Stocks tumbled 4 percent Thursday as investors were rattled by doubts about the survival of General Motors and Citigroup broke below $1...
»read more

Why a Lousy Jobs Report Could Actually Help Stocks
Investors have been searching for that vital capitulation point where stocks form a true bottom. A higher-than-expected jobless rate could set the stage for that...
»read more

Play Obama's Health Care Plans w/ Genetics Stocks
It's still not clear what, if any, reform is going to come to health care in America, but Miller Tabak's Les Funtleyder is ready to play it. "There are some companies we like in the genetics space, which would benefit by increased NIH [National Institutes of Health] spending"...
»read more

TODAY'S TOP 5 VIDEOS
1. GE's Sherin: Up Front About Financials 
Discussing concerns over lending losses and possible credit downgrades that have pushed shares of General Electric to levels not seen since the early '90s, with Keith Sherin, General Electric CFO/vice chairman and CNBC's David Faber

2. Lacker & Liesman 
The Fed is fighting many fires at the same time. Discussing what policymakers are thinking when it comes to our financial system, the TARP and the overall view of the economy, with Jeffrey Lacker, Richmond Fed president & CNBC's Steve Liesman

3. XOM's Tillerson on CapEx  
Exxon CEO Rex Tillerson spoke with CNBC's Maria Bartiromo about how to achieve global energy security.

4. Frank Talk About Regulation  
The most important thing legislators can do is make past bad practices illegal, says Rep. Barney Frank, (D-MA) House Financial Services chairman

5. Stop Trading, Listen to Cramer! 
Mad Money's Jim Cramer shares his stock picks and pans with CNBC's Erin Burnett.

 

Charles Schwab
 
  TODAY'S TOP BLOG
  blogger
Inside GM: Why It's So Bad
Admit it. When you see the headlines of GM warning it could be forced into chapter 7 bankruptcy and liquidate, you likely have two reactions. First, you say "Duh! These guys have been hanging on by a thread, of course they could go under." Second, you're probably thinking, "There's no way the Federal government will let this company sink."

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