Investors dumped stocks Friday amid worries about the health of the economy, sending the major averages to their third down week in a row.
The selling was quite broad, hitting energy, consumer, retail, technology and airline stocks the hardest. And it sets up a volatile week ahead with fourth-quarter earnings due from Citigroup (C, news, msgs), Merrill Lynch (MER, news, msgs), General Electric (GE, news, msgs) and Intel (INTC, news, msgs).
At the close, the Dow Jones industrials were down nearly 247 points, 1.9%, to 12,606. The Nasdaq Composite Index was off 49 points, or 2%, to 2,440, and the Standard & Poor's 500 Index lost 19 points, 1.4%, to 1,401.
The Dow has started the year off nearly 4.96% -- its worst opening eight days since 1991, when the blue-chip index started with a 5.02% slide. The S&P is down 4.6%, its worst eight-day opening performance since 1978 and its fourth-worst ever.
The Nasdaq is down 8% so far this year, one of its worst opening performances ever.
- U.S. stock market
29% - Bonds
12% - Commodities
6% - Real estate
11% - Emerging markets
10% - Cash
31%
29894 responses, not scientifically valid.
Quotes 01/15/2008
| Index | Last | Change |
|---|---|---|
| Dow | 12,501.11 | - 277.04 |
| NASDAQ | 2,417.59 | - 60.71 |
| S&P | 1,380.95 | - 35.30 |
Quotes 01/17/2008
| ２００８ 怎样投资理财 |  | |
| 来源: Mom3 于 08-01-08 15:06:57 |
我对市场没信心了。房市不动，401K也转到general fund 了。是不就我悲观呀！新年７个工作日降了>５％。
大家怎样认为的？
