Wall Street ends mixed; Down down 29 points

US markets opened with modest gains but the fizz dissipated as congressional hearings of the $ 700 billion bailout plan resumed. This was despite the news that warren buffet had infused $ 5 billion into Goldman Sachs. Tech stocks though saved the day as hopes for more buybacks and dividends continued but indices closed near day's low.

Morgan Stanley will request the regulatory approval to retain oil, commodities and raw materials business. AIG falls 15% after failing to secure private sector financing and will borrow $ 85 billion from Fed. Resale of single family homes posted a lesser than expected decline of 2.2%.

The Dow plunged 29 points or 0.27%, to 10,825.17. The S&P 500 index dropped 2.35 points, or 0.20%, to 1,185.87, and the Nasdaq composite index advanced 2.35 points, or 0.11%, to 2,155.68.