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Tuesday, Dec 11th

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You are here News Economy Dow Jones drop adds to losses, weekly gloom for stock investors

Dow Jones drop adds to losses, weekly gloom for stock investors

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Stocks falll again

Stocks continued their brutal stretch of big price swings and steep declines Friday, capping a painful week on Wall Street as investors fretted over trade disputes and concerns about slowing economic growth.

The Dow Jones industrial average finished the day down 559 points, or 2.2 percent, at 24,389. That left the blue-chip average 4.5 percent lower for the week and 9.1 percent below its October record high.

The sell-off by investors sent another major stock gauge — the Standard & Poor's 500 index — down 2.3 percent for the day and 10.2 percent from its September peak — pushing it back into "correction" territory, or a drop of more than 10 percent from that September high.

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