Stocks momentarily fell to new session lows, but have since pared their
losses. Still, the Dow is off by more than 140 points, which a stark
comparison to when it sported a gain of more than 400 points early in
the session.
Despite the downturn, Dow component's Bank of America (BAC 25.95,
+3.16) and Citigroup (C 18.30, +2.55) continue to be a couple of the
session's strongest performers. Both companies are expected to
participate in the Treasury's plan to make up to $250 billion directly
available to banks in the form of equity investments.