A $1.75 billion deal struck by Barclays Plc. to buy the investment banking assets of Lehman Brothers Holdings Inc., which filed for bankruptcy, also improved US market sentiment and helped the Dow Jones Industrial Average gain 1.3% on Tuesday.
But US stocks tumbled on Wednesday after housing starts slid to a 17-year low and bank lending seized up in the wake of the government’s takeover of AIG. At 8.55pm India time, the Dow Industrials was at 10,773.97 points, down 2.58%.
nesil.s@livemint.com
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