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Stocks Mixed After Bear Stearns Deal



By Madlen Read, AP
17 March 2008 @ 04:08 pm EST

NEW YORK - Wall Street has ended a temperamental session widely mixed after investors grappled with JPMorgan Chase & Co.'s buyout of the stricken investment bank Bear Stearns & Co.

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JPM 41.96 1.1

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The Dow Jones industrials are up about 21 points at the 11,972 level. Early in the session, the blue chips were down nearly 200.

Meanwhile, the broader Standard & Poor's 500 and Nasdaq composite indexes ended lower. Investors have been bailing out of investment banks and small-cap stocks and fleeing instead to large companies apt to be reliable during a weak economy.

Investors are also looking ahead to Tuesday's Federal Reserve meeting. The central bank is expected to sharply lower interest rates.

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