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What happened to the bloodbath? After a market-wide slaughter Tuesday - nearly 300 points in the Dow and more than 100 in the NASDAQ - Wednesday suddenly turned into the sell-off that wasn't. The turnaround struck at 10:30 a.m., sending the Dow back from below 9400 up to 9580 at 11:30, with the NASDAQ staging a little bounce...
...there any significance that the Dow on Tuesday nearly cracked bear territory - 20 percent losses - again...
ALAN GREENSPAN Wall Street not buoyed by Fed's rate cut. Chief's reputation may prove as vulnerable as the Dow...
...much for the rally. Wednesday, the Dow and NASDAQ hit the skids all over again on three bad earnings tidings: Communications-equipment maker Nortel warned that losses will widen beyond expectations in the current quarter. Disney announced plans to cut 4,000 jobs. And Palm said it will lose money in the first quarter - this after Wall Street dared to expect a profit from the hand-held computer king. Is this a case of one step forward, two steps back - or the other way around? TIME personal finance columnist and Wall Street guru Dan Kadlec explains...
...Kadlec: I think this is the pattern we're going to be seeing on Wall Street for a while. We had a really nice rally - the Dow has really surged, picking up 800 points since what was seemingly a spontaneous turnaround Thursday afternoon, and even the NASDAQ has been pretty strong...