Wall Street slips on recession worry, but Intel up late

Tue Oct 14, 2008 5:17pm EDT
 
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Citigroup and Bank of America ranked among the Dow's biggest percentage gainers. Citigroup climbed 18.2 percent to $18.62, while Bank of America surged 16.4 percent to $26.53. They are among the institutions widely reported to be included in the Treasury Department's plan to take equity stakes in banks to shore up the battered financial system.

The Treasury did not name the nine banks that will initially be participating in the program.

Trading was moderate on the New York Stock Exchange, with about 1.88 billion shares changing hands, below last year's estimated daily average of roughly 1.90 billion, while on Nasdaq, about 2.89 billion shares traded, above last year's daily average of 2.17 billion.

Advancing stocks outnumbered declining ones on the NYSE by 17 to 15, while on the Nasdaq, decliners beat advancers by about 2 to 1.

(Reporting by Kristina Cooke; Editing by Jan Paschal)

 
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