Tag: New
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Stocks Extend Weekly Loss to Four
U.S. stocks dropped Friday and lost ground for the fourth straight week, as investors slashed their expectations for economic growth and corporate spending. The Dow Jones Industrial Average ended down 172.93 points, or 1.57%, at 10,817.65 and slid 4% for the week. The S&P 500 fell 17.12 points, or 1.50%, to 1,123.53 and slid 4.7%…
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Stocks Hit Hard Since 2008 Crisis
U.S. stocks suffered their worst day Thursday since the financial crisis in the fall of 2008.The Dow average fell 512.76 points, or 4.31%, to 11,383.68. The S&P 500 lost 60.27, or 4.78%, to 1,200.07. The Nasdaq Composite lost 136.68 points, or 5.08%, to 2,556.39. Kraft Foods Inc. said Thursday it plans to split into two…