Investors will be watching the banking sector after Treasury Secretary Henry Paulson detailed the government's re-capitalization plan yesterday, wondering if regional banks will take advantage. Wall Street had a sluggish start Tuesday after a billionaire scaled back his bet on one of Detroit's automakers and a slate of third-quarter earnings failed to impress.
The broader market was not doing much better. The Dow Jones industrial average was down .7%; the S&P lost 1% and the Nasdaq slipped .8%.
The broader market was not doing much better. The Dow Jones industrial average was down .7%; the S&P lost 1% and the Nasdaq slipped .8%.