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How the Stress Tests Stopped the Market Bleeding.

Authors :
Paletta, Damian
Eckblad, Marshall
Fitzpatrick, Dan
Enrich, David
Sidel, Robin
Craig, Susanne
Rieker, Matthias
Source :
Wall Street Journal - Eastern Edition. 5/8/2009, Vol. 253 Issue 107, pC1-C3. 2p. 10 Color Photographs, 1 Graph.
Publication Year :
2009

Abstract

The article discusses market reaction to stress tests administered to the nation's 19 largest banks by the U.S. government. Shortly after the tests were announced in February, 2009, the Dow Jones Industrial Average hit lows not seen in 11 years. Since then share prices have recovered as investors have come to realize none of the banks being tested would fail.

Details

Language :
English
ISSN :
00999660
Volume :
253
Issue :
107
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
39141558