NEW YORK - Stocks ended a volatile week with another sell-off Friday while credit markets remained strained after enthusiasm over the government's $700 billion financial rescue plan gave way to worries about obstacles still facing the economy.
Investors dumped stocks late in the session after a big intraday rally, repeating a defensive move seen throughout the yearlong market pullback. As lawmakers voted on the plan, which President Bush quickly signed into law, the Dow advanced more than 300 points. After it passed, the blue chips moved in and out of positive territory before ending down more than 150 points.
By close, the Dow had fallen 157.47, or 1.50 percent, to 10,325.38 after rising more than 310 points. The Standard & Poor's 500 index fell 15.05, or 1.35 percent, to 1,099.23, and the Nasdaq composite index fell 29.33, or 1.48 percent, to 1,947.39.
Financial crisis
Congress OKs historic bailout bill
Bush signs $700 billion bailout bill
Paulson pledges quick action on rescue program
How Ariz. delegates voted on bailout
Vote switchers on financial bailout
Senate adds sweeteners to bitter bailout pill
Economy still faces deep challenges
The consequences of the bailout
Practical effects:
Bailout not a panacea for housing market
Banks likely to get short-term boost
Tax breaks sweeten financial bailout
Toyota's 0% offer shows credit is available
Rum rebate in bailout benefits islands
Bailout bill includes timber payments
Credit crunch hits consumers
How the crisis affects you
Investors swarm T-bills on economic worries
Will the bailout stop home price declines?
The housing crisis: How we got here
How it happened:
Timeline: 2 weeks that changed Wall Street
Up-to-the-minute:
Latest financial crisis news
Dow, market indexes snapshot
Latest Wall Street numbers
Multimedia:
A comparison of U.S. financial crises
Crisis makes strange bedfellows
Graphic: Wall Street Meltdown
Graphic: Making sense of Fannie & Freddie