BofA quiet on Lehman buy speculation

(01:49) Report

Sep. 11 - Bank of America declined to comment on speculation it was in talks to buy investment bank Lehman Brothers after a report in the Wall Street journal.

That late-day speculation, citing unnamed sources, was powerful enough to reverse the stock market's losses.

  • The Dow ended the session with a gain of 164 points to 11,433.
  • The S&P 500 rallied 17 points to 1,249.
  • The Nasdaq jumped 29 points to 2,258.
  • Crude oil dropped $1.71 to settle at $100.87 a barrel.

    Conway Gittens reports from New York.

    SOUNDBITE: Michael Theesfeld, senior trader, HPR Commodities

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