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, , and .
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.
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|来源: Mom3 于 08-01-08 15:06:57|