Stocks end worst week mixed after wild session
Market index stats again told how horrific the run has been on Wall Street:
— The Dow has lost 1,874.19 points, or 18.2 percent, during the week. Its dismal performance outdid the week that ended July 22, 1933, which saw a 17 percent drop — and back then, during the Great Depression, there were six trading days in a week.
— The Dow has fallen for eight straight sessions — the longest losing streak since the eight days of declines following the Sept. 11, 2001, terror attacks, when the blue chips lost 1,038.12, or 10.8 percent.
— It's been the worst run for the Dow since the nearly two-year bear market that ended in December 1974 when the Dow lost 45 percent.
— Since hitting their record highs a year ago, the Dow has lost 5,713 points, or 40.3 percent, while the S&P 500 is off 665.90 points, or 42.5 percent.
Beyond the Dow, broader stock indicators were mixed Friday.
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Member Comments
Posted By: vstillwell @ 10/10/2008 1:57:49 PM
Comment: All hail the Republican's and their lunatic base. So where's the next clan meeting so I can catch Palin and McCain's new economic plan of the day?
Posted By: jlgab @ 10/08/2008 2:28:58 AM
Comment: Thank goodness for Bush's economic stimulus checks - whew, where would our economy be without those ever 'important' checks that were supposed to revive the economy. Idiot Bush, dumbest ever.
Posted By: Nowforthetruth @ 10/07/2008 5:06:09 PM
Comment: ACORN Vegas Office Raided in Voter Fraud Investigation
ACORN's Las Vegas headquarters has been raided by Nevada authorities looking for evidence of voter fraud.
http://www.comcast.net/articles/news-politics/20081007/Voter.Fraud.Probe/