The Dow surges 173 points, but General Motors closes below its opening price. Worries ease about Europe and there's better news about the US economy. Dell's results impress.
Government privatizations have a track record of success, and this one is so good you can buy it in the aftermarket.
General Motors sells its IPO at $33 a share. The Dow falls 16 points, but the S&P 500 and Nasdaq manage small gains. Target forecasts strong holiday sales.
Without a bailout, General Motors could still be sitting in bankruptcy court, withering away as creditors debated over who got what.
The size of the automaker's offering is expanded to 478 million shares. It could be larger and may be the biggest US IPO ever.
Talk of some price controls in China hits commodity prices hard. Wheat falls 7%. Gold has dropped 6% in a week. GM boosts the size of its IPO. Home Depot and Wal-Mart are winners.
General Motors opts instead for separately branded 'certified service' for its Chevy, Cadillac, Buick and GMC lines.
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The offering could become the second-biggest this year if underwriters exercise an option to buy more shares.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.