A day after Citigroup stock dipped below $1, bank stocks endured another selloff Friday, even as investors applauded Wells Fargo's plans to cut its dividend.
Stocks erased early gains Friday and turned lower, as a bleak February jobs report exacerbated worries about the economy, sending Wall Street to fresh 12-year lows.
Stocks rallied Friday morning as investors were heartened that the February jobs report wasn't worse and scooped up select issues hit in the recent selloff that left the Dow and S&P 500 at 12-year lows.
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Even though Citigroup shares dropped below a dollar Thursday, volume appeared healthy as 577 million shares changed hands.
A day after Citigroup stock dipped below $1, bank stocks endured another selloff Friday, even as investors applauded Wells Fargo's plans to cut its dividend.
Read full story for latest details.
Treasurys turned mixed Friday as investors responded to a grim February jobs report and stocks abandoned an early rally.
Stocks erased early gains Friday and turned lower, as a bleak February jobs report exacerbated worries about the economy, sending Wall Street to fresh 12-year lows.
Stocks rallied Friday morning as investors were heartened that the February jobs report wasn't worse and scooped up select issues hit in the recent selloff that left the Dow and S&P 500 at 12-year lows.
Read full story for latest details.
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