Tag: global credit crunch

Stocks opened sharply lower on Friday as a jobs proposal by President Barack Obama did little to reassure investors concerned about weak economic growth. The Dow Jones Industrial Average lately fell 177.85 points to 11,117.96. The Standard & Poor’s 500 Index declined 15.27 points to 1,170.63. The Nasdaq Composite Index shed 25.72 points to 2,503.42.…