Thursday's Close

Today, just the day after Kerkorian's offer to buy 28 million shares of GM, Standard & Poor's announced they have lowered General Motors Corp. and Ford Motor Co. bonds to "junk" rating. Investors reacted to the news as you would expect, and shares of both companies fell about 5% today. For more on this story, check out The Wall Street Journal. DOW fell 44.26 points to 10,340.38 NASDAQ fell only 0.43 points to 1,961.80 S&P 500 fell 3.02 points to 1,172.63