WORLD> America
Wall Street trades mixed as markets await rescue plan
(Xinhua)
Updated: 2008-09-25 09:02

NEW YORK -- Wall Street traded mixed Wednesday as investors await Congress could approve the US government new rescue plan.

Federal Reserve Chairman Ben Bernanke urged Congress' Joint Economic Committee to pass the bailout plan, saying delay would keep lenders from extending credit to households and businesses, but lawmakers voiced doubt about the size and scope of the plan.

Traders were encouraged by Buffett's decision to invest US$5 billion in Goldman Sachs. Goldman's stock rose 6.4 percent while the Class A stock of Berkshire Hathaway, Buffett's holding company, added 3.5 percent.

The Dow Jones industrial average fell 29.00, or 0.27 percent, to 10,825.17 after moving in and out of positive territory. The Standard & Poor's 500 index slipped 2.35, or 0.20 percent, to 1,185.87, and the Nasdaq composite index rose 2.35, or 0.11 percent, to 2,155.68.