NEW YORK, Sept 16 (Reuters) -U.S. stocks turned higher on
Tuesday, with the S&P 500 up 1 percent, after Bloomberg
reported, citing a person familiar with negotiations, that the
Treasury is mulling a loan package to AIG.
American International Group (AIG.N:
Quote,
Profile,
Research,
Stock
Buzz) pared some of its losses, to down 25 percent at $3.59.
Earlier in the session, AIG was down more than 40 percent.
Stocks had earlier fallen after the Federal Reserve left its key
interest rate unchanged.
The Dow Jones industrial average .DJI was up 91.60 points, or
0.84 percent, at 11,009.11. The Standard & Poor's 500 Index
.SPX was up 11.15 points, or 0.93 percent, at 1,203.85. The Nasdaq
Composite Index
.IXICwas up 11.69 points, or 0.54 percent, at 2,191.60.
(Reporting by Kristina Cooke; Editing by Jan Paschal)
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aig
Posted by pepperwu on 16th of Sep 2008 at 03:08 pm
NEW YORK, Sept 16 (Reuters) -U.S. stocks turned higher on Tuesday, with the S&P 500 up 1 percent, after Bloomberg reported, citing a person familiar with negotiations, that the Treasury is mulling a loan package to AIG.
American International Group (AIG.N: Quote, Profile, Research, Stock Buzz) pared some of its losses, to down 25 percent at $3.59. Earlier in the session, AIG was down more than 40 percent.
Stocks had earlier fallen after the Federal Reserve left its key interest rate unchanged.
The Dow Jones industrial average .DJI was up 91.60 points, or 0.84 percent, at 11,009.11. The Standard & Poor's 500 Index .SPX was up 11.15 points, or 0.93 percent, at 1,203.85. The Nasdaq Composite Index .IXICwas up 11.69 points, or 0.54 percent, at 2,191.60. (Reporting by Kristina Cooke; Editing by Jan Paschal)