Dow continued on its previous day's trend ...picked in last hour .left side is previous session's day chart and below is last day's chart
Banks led stocks lower on Thursday as investors fretted a widening foreclosure crisis could undermine the market's strength over the last five weeks.
The S&P 500 has rallied 11.9 percent since September 1 and volume has picked up from anemic levels. But the rally could weaken as an index of bank stocks fell nearly 3 percent on Thursday over growing fears the foreclosure problems could bleed into the broader credit markets and the economy.
"As we all know, the market hates uncertainty and this is a big one. Remember the subprime mess?," said Joe Saluzzi, co-head of trading at Themis Trading in Chatham, New Jersey.
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Dow Jones Industrial Average
(DJI: ^DJI)| Index Value: | 11,094.57 |
|---|---|
| Trade Time: | 4:01PM EDT |
| Change: |  1.51 (0.01%) |
| Prev Close: | 11,096.08 |
|---|---|
| Open: | 11,096.99 |
| Day's Range: | 11,023.54 -11,112.20 |
| 52wk Range: | 9,596.04 -11,309.00 |
