A final-hour rally by the Dow Jones Industrial Average limited the index’s fall for the week to just over 2 percent, while a more energetic late move by retail shares locked in the week’s declines at nearly 5 percent.
As lawmakers continued to hammer out details of a rescue plan for Wall Street, financial stocks absorbed the biggest failure in U.S. banking history – Thursday night’s Washington Mutual collapse and the subsequent takeover of some of its assets by J.P. Morgan Chase & Co. Meanwhile, Wachovia’s shares dropped before the bell as reports spread it was in early-stage merger discussions with Citigroup.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)