26 of 33
BACKNEXT
Thursday, October 9 - The search for a bottom
On Thursday, the Treasury Department said it was actively looking at buying equity stakes in some of the country's banks, in order to inject capital directly into the troubled financial system.

But the market registered a vote of no confidence anyway. The Dow closed down 687 points Thursday -- off over 2,200 in the previous seven trading sessions.

Credit remained in a deep freeze; the level of outstanding commercial paper fell by $56.4 billion, or 3.5%, in just the past week, to $1.55 trillion.

U.S. automakers were also on the ropes, after Standard & Poor's said that it was putting both GM and Ford on credit watch negative. Shares of GM closed down 31% to $4.76, while Ford fell nearly 22% to $2.08, effectively putting two American industrial icons on death watch.

NEXT: Friday, October 10 - Vertigo
Last updated September 14 2009: 2:19 PM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
7 startups that want to improve your mental health From a text therapy platform to apps that push you reminders to breathe, these self-care startups offer help on a daily basis or in times of need. More
5 radical technologies that will change how you get to work From Uber's flying cars to the Hyperloop, these are some of the neatest transportation concepts in the works today. More
Royal wedding: How much will it cost? Meghan Markle's wedding to Prince Harry could cost millions once security is included in the bill. See how the costs break down. More

Special Offer