Stocks End Another Wild Day with Relative Modest Loss

Lloyd Blankfein, right, CEO of Goldman Sachs, and Eric Dinallo, center, superintendent of the New York State Insurance Department, talk with an unidentified man as they enter the New York Stock Exchange for a panel discussion Friday, Oct. 10, 2008 in New York. Stock prices are swinging sharply on Wall Street, with investors still selling heavily but also scooping up stocks that have been decimated by more than a week of huge losses. (AP Photo/Mark Lennihan)

Tools

Stocks End Another Wild Day with Relative Modest Loss

By Becky Ogann

NEW YORK (AP) - Stocks closed lower again Friday with the Dow industrials posting their eighth straight decline.

The Dow Jones industrial average finished with a loss of 128 points at 8,451 and down 1,817 points on the week. Declining issues on the New York Stock Exchange led losers nearly 2-1 on volume of 10.9 billion shares. The Nasdaq composite index was actually up 4 points at the 1,649 level, but posted a loss of 298 for the week. Roughly 4.1 billion shares traded on the tech-heavy exchange. And the S&P 500 dropped 10 points, closing at 899, down 199 points for the week.

While the session was a volatile one, the losses today were nowhere as steep as Thursday's

The Dow plunged nearly 700 points within minutes of opening this morning and then moved into positive territory with a gain of more than 100 points shortly before the closing bell.

Frozen credit markets and a loss of confidence in the world's financial system have caused the Dow to drop 21 percent in just 10 trading days.
View comments

The following comments do not necessarily represent the views of KCRG-TV9. Users have agreed to these terms and in doing so accept full responsibility for their comments. Moderation is limited.

Add a comment

Name:

Comment: 500 Characters Left

By submitting a comment to this web site, I affirm that I have read, understand, agree to and shall abide by the following rules and regulations as a term and condition of all comments which I may post. As terms and conditions of using this KCRG web site, I agree that I am fully responsible for the contents of all statements which I make. To the best of my knowledge, all such statements are true, fair, and accurate. I shall not post any statements which attack a person’s integrity or moral character, expose a person to public hatred, contempt or ridicule, deprive a person of the benefits of public confidence and social dealings, or injure a person in the maintenance of that person’s business. I shall not knowingly post content that violates the copyright, trademark, patent or other intellectual property right of a third person. I shall not post content that is false, liable, defamatory, obscene, abusive, that violates a person’s right to privacy, that otherwise violates any applicable local, state, national or international law or that is otherwise inappropriate. I acknowledge that if I post a comment which violates this policy that an offended person to whom comments are directed may have a right through judicial process to determine my identity and make a claim against me for damages. I agree that I shall indemnify KCRG, its employees, agents, representatives and affiliates from any and all expenses KCRG may incur as a result of comments I post which violate this policy, claims and/or damages, including but not limited to reasonable attorney’s fees and costs. KCRG is not responsible for the contents posted or anything arising out of the use of the contents or other interaction and has no obligation or duty to monitor or control any posting but does reserve the right to screen, refuse to post, remove, or edit user generated comment.

I have read and agree to the terms

Hide comments
Athlete of the Week
This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.
More On Demand

What's On KCRG

10:00
Iowa Realty Home Buyers
11:00
Inside Edition Weekend
11:30
To the Point with Beth
12:00
Paid Programming