Uncertainty still dominated market psychology after the bill passed and U.S. President George W. Bush swiftly signed it into law. The Dow Jones industrial average had its worst week since July 2002 while the Standard & Poor's 500 and Nasdaq stock indexes recorded their worst weeks since September 2001.
The House passed the bill by a vote of 263-171 and President Bush quickly signed it, ending two weeks of haggling in Congress that roiled and captivated global markets.
In the U.S. stock market, benchmark indexes fell. The Dow industrials <.DJI> lost 157.47 points, or 1.50 percent, at 10,325.38. At its peak, the Dow was up 313 points. For the week the index lost 818 points, or 7.35 percent.
The S&P 500 Index <.SPX> fell 15.05 points, or 1.35 percent, at 1,099.23. For the week, the index dropped 9.38 percent, or 113.78 points.
The Nasdaq Composite Index <.IXIC> dropped 29.33 points, or 1.48 percent, at 1,947.39. For the week the Nasdaq lost 10.81 percent, or 235.95 points, its worst week since Sept. 2001.
NYMEX-NEW YORK, Oct 3 (Reuters) - U.S. crude oil futures ended lower for the third straight day on Friday, with analysts saying that even with the House of Representatives' passage of a $700 billion bailout bill for the U.S. financial sector, long-term prospects for oil demand are still in question.
On the New York Mercantile Exchange, November crude
CBOT-SOYBEANS - November
Fell to a fresh 11-month low in the spot month on a late flurry of commodity fund selling, reversing an early rally.
Harvest pressure also weighed. Funds liquidating long positions amid concerns that a global credit squeeze and economic slowdown could limit demand for commodities.
Open interest in CBOT soybeans dropped by 5,130 contracts during Thursday's sell-off.
Informa Economics pegged U.S. 2008 soybean crop at 3.001 billion bushels, yield at 40.9 bushels per acre; USDA currently at 2.934 billion.
SOYOIL - October
FCPO-JAKARTA, Oct 3 (Reuters) - Malaysian palm oil futures finished down more than 4 percent on Friday amid concerns over rising stocks, although had cut part of their early losses after an uptick in crude prices, traders said.
The benchmark December contract
REGIONAL EQUITIES-SINGAPORE, Oct 3 (Reuters) - Major Southeast Asian markets
fell to fresh multi-year lows on Friday on uncertainty over the
U.S. rescue bill
Singapore <.FTSTI> fell 2.8 percent to a fresh 33-month close, to lose 4.6 percent this week, while Thai stocks <.SETI> are down 1.3 percent. Vietnam <.VNI> fell 1.8 percent on Friday, bringing the week's losses to 6.4 percent, while the Philippine index <.PSI> dropped 1.8 percent. Malaysia <.KLSE> outperformed the region to
edge 0.3 percent down this week.
