Fear rules markets as Dow falls 316!!!!!All three major indexes suffer their fourth monthly losses in a row, something last seen in 2002. Investors will spend the weekend wondering whether to nibble at stocks or wait until the turmoil subsides. Northrop Grumman wins the big Air Force tanker contract over Boeing. Stock suffered their worst one-day losses in more than three weeks on Friday on weakness in financial stocks, worries about the economy and the prospect of higher oil prices. The Dow Jones industrials fell about 316 points, or 2.5%, to 12,266, its biggest point loss since the blue chips fell 370 points on Feb. 5. The Standard & Poor's 500 Index fell 37 points, or 2.7%, to 1,331, and the Nasdaq Composite Index was off 60 points, or 2.6%, to 2,271. All three indexes ended February with a fourth consecutive monthly loss, something last seen when the market was plunging in the summer and early fall of 2002. The stock market has now opened the year with two months of losses. History suggests that it will be a bit of a miracle if the market ends 2008 with a gain.
[此贴子已经被作者于2008-3-1 10:04:45编辑过] |