Los Angeles Times | March 5, 2009 | 1:18 p.m. PT --- Stock prices sank today to fresh bear-market lows, more than reversing Wednesday's rally, on renewed worries about banks and General Motors Corp. The Dow Jones industrials tumbled 281 points, or 4.1%, to about 6,594. The broad Standard & Poor's 500 index plummeted 4.3% to its lowest level since September 1996. Financial stocks led the way down, with an index of bank stocks losing 12%. Shares of banking giant Citigroup Inc. dipped below $1 a share, briefly putting it in penny-stock territory. The shares closed at just above $1. GM sank 33 cents to $1.87 after its auditor warned that the carmaker might not survive. More soon at: http://link.latimes.com/r/A1ERMI/QLG6H/1A0GES/6E6E/WL0GIK/HK/t
-------------------------------------------------------------------------------- California and the world: Visit http://link.latimes.com/r/A1ERMI/QLG6H/1A0GES/6E6E/EW9Y6X/HK/t for up to the minute news. Mobile: http://link.latimes.com/r/A1ERMI/QLG6H/1A0GES/6E6E/RNB1XO/HK/t RSS feeds: http://link.latimes.com/r/A1ERMI/QLG6H/1A0GES/6E6E/IYF9V0/HK/t Video news: http://link.latimes.com/r/A1ERMI/QLG6H/1A0GES/6E6E/UU6HI1/HK/t -------------------------------------------------------------------------------- About this Communication: You are receiving this email because you opted-in to receive Breaking News Alerts from the Los Angeles Times. You're currently subscribed to Los Angeles Times Breaking News with the address [email protected]. If you'd like to unsubscribe, please click here: http://link.latimes.com/r/A1ERMI/QLG6H/1A0GES/6E6E/IYF923/HK/t?a=HJEKGO&[email protected]&c=51242192&d=18Z06N You can also unsubscribe by modifying your profile on latimes.com at http://link.latimes.com/r/A1ERMI/QLG6H/1A0GES/6E6E/BMIXGG/HK/t For information on how we protect your information, please read our privacy policy at http://link.latimes.com/r/A1ERMI/QLG6H/1A0GES/6E6E/18ZCNC/HK/t [[A1ERMI-18Z06N-QLG6H-1A0GES-6E6E-T-M2-20090305-80fce8ef6cd7271641]] -- Posted By Breaking News to Break News at 3/05/2009 11:26:00 PM
