Friday, November 09, 2007
U.S. stocks plunge again; Nasdaq ends dismal week down 6.5%
DJIA
13,042
-223.55
S&P
1,453
-21.07
NASDAQ
2,627
-68.06
10Yr
4.23%
-0.048
U.S. stocks plunge again; Nasdaq ends dismal week down 6.5%
NEW YORK
U.S. stocks fell Friday for a fourth day out of five, ending a dismal
week that saw the Nasdaq Composite Index drop almost 7% and financial
stocks take a hammering as bigger subprime mortgage losses were revealed
almost every day.
Capitol Report: Could California be in recession?
WASHINGTON
California is on the edge of recession, economists say. Or perhaps the
nation's most populous state is already in one.
J.P. Morgan, B. of A. warn of more subprime-related hits
SAN FRANCISCO
Banking giants J.P. Morgan Chase & Co. and Bank of America Corp. said
Friday that turbulent credit markets will likely dent fourth-quarter
results.
Tech Stocks: Tech stocks take another beating; Nasdaq off 8% since
Halloween
SAN FRANCISCO
Technology stocks took another pounding on Friday, leading a sell-off in
the broader market amid continued worries about what an economic
slowdown could mean for consumer and business spending.
