Merrill 3Q loss widens on mortgage-related charges (AP)

AP - Merrill Lynch says it third-quarter loss widened as it took more than $12 billion in charges from the sale of mortgage-related investments and fallout from the continued credit crisis. Read more…

How the major stock market indexes fared Wednesday (AP)

11.09.2008 01:20 Finance

Stocks ended an erratic session moderately higher Wednesday, lifted by buying in the energy, materials and consumer-staple sectors. Investors remained nervous, however, about the financial sector after Lehman Brothers Holdings Inc. said it plans to sell a majority stake in its investment management business and spin off mortgage assets.

The Dow Jones industrial average rose 38.19, or 0.34 percent, to 11,268.92.

The Standard & Poor's 500 index rose 7.53, or 0.61 percent, to 1,232.04.

The Nasdaq composite index rose 18.89, or 0.85 percent, to 2,228.70.

For the week:

The Dow is up 47.96, or 0.43 percent.

The S&P is down 10.27, or 0.83 percent.

The Nasdaq is down 27.18, or 1.20 percent.

For the year:

The Dow is down 1,995.90, or 15.05 percent.

The S&P is down 236.32, or 16.09 percent.

The Nasdaq is down 423.58, or 15.97 percent.

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