Tossing away its earlier gains, the Dow dropped 238 points yesterday (yikes!).
On the week, the Dow lost 5.3 percent, or around 455 points, its worst weekly point loss in six months. The decline set it back to levels not seen since mid-October.
The Nasdaq gave back 2.5 percent, or 40 points, on the week, while the S&P lost 4.5 percent, or 40 points, for the week.
The Nasdaq on Friday joined the Dow and the S&P 500 in erasing all of its gains for 2003. […]
I’m reminded a bit of this article - Wall Street Suffers Worst Setback Since Yesterday:
Stocks took another beating yesterday in what analysts are now calling the worst day on Wall Street since the day before yesterday.
The Dow Jones Industrial Average fell to a record low, while the Nasdaq plunged even further. The last time either average visited these levels, George W. Bush was president, Alan Greenspan was chairman of the Federal Reserve, and “Malcolm in the Middle” was still on television. […]
As a barometer for our economy, I have an interest in the Dow. So, I might just include the Dow activity at the bottom at the bottom of regular posts (especially if the Dow activity isn’t newsworthy enough for its own post).
Oh, and the ‘Russians’ re-record is from me ;).