U.S. stocks mixed awaiting bailout package

Indexes hit with weekly losses; Dow Jones Industrial Average off 2%

U.S. stocks rose for a second day Friday but ended lower for the week as political haggling over the Bush administration's rescue plan for Wall Street and the nation's largest bank failure fueled fears that more institutions are close to collapse.
"The markets are obviously in a wait-and-see mode -- if there's a loss of confidence in anything, it's not lending institutions, it's the political system," said Hugh Johnson, chairman of Johnson Illington Advisors.
After dropping more than 125 points at the start, the Dow Jones Industrial Average ($INDU:Dow Jones Industrial Average
News, chart, profile, more
Last: 11,143.13+121.07+1.10%

4:30pm 09/26/2008

Delayed quote dataAdd to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:

$INDU 11,143.13, +121.07, +1.1%) pulled off its lows to rally late in the day, gaining 118.20 points to 11,140.26 on hopes that Congress will come to agreement on the rescue plan this weekend. The blue-chip index fell 2% for the week.