Dow falls more than 500 points, wiping out Tuesday's comeback.
It was the latest turn in a volatile week on Wall Street as investors react to the United States losing its coveted AAA credit rating.
On Tuesday, the Dow gained 430 points after the Fed left key interest rates unchanged. The Dow plunged 630 points Monday, its worst day since the 2008 financial crisis. Ref. CNN
The schizophrenic week on Wall Street continued on Thursday as all three indexes surged on positive news about the American jobs market and corporate earnings.
The Dow Jones Industrial Average jumped more than 400 points, or about 4.0%. On Monday, the Dow sank 635 points - its worst day since the 2008 financial crisis. Then on Tuesday it rallied 430 points. And on Wednesday it plunged 520 points.
Optimism returned on Thursday after a report showed that the number of people seeking jobless benefits fell to a four-month low and Cisco Systems - a bellwether of the technology sector - said it expected its revenue to grow more than expected. Ref. CNN
Wall Street went into the weekend on a relatively calm note Friday after four days of wild turbulence driven by the first-ever downgrade of the United States and escalating concerns about debt in Europe.
The Dow closed 126 points, or about 1%, higher for the day. It was the second straight day the Dow was in the black - a remarkable finish after plunges of 625 points on Monday and 520 points on Wednesday.
For the week, the Dow finished lower by 175 points, or 1.5%. Ref. CNN
Stocks plunged at the week's end as bad news from Europe just kept piling up.
The Dow sank 303 points, or 2.7%, to finish below 11,000. The Nasdaq and S&P 500 each fell more than 2.4%.
A shakeup at the European Central Bank sparked an early selloff, which gained momentum as worries grew about a possible Greek debt default.
Both the Dow and S&P 500 have now posted declines for six of the past seven weeks. Ref. CNN
Stocks are taking a ride downhill now but I don't foresee that taking too long to build back up.
International Level: Politics 101 / Political Participation: 5 0.5%
U.S. Stocks are plunging today with the Dow losing 465 points, or 4%, as nervous investors flocked to the safety of bonds.
U.S. Treasuries rallied, with the 10-year yield hitting a record low. Worries about a slowdown in global growth weighed down commodities, with copper, oil and silver prices sinking.
The sell-off started early, with world markets logging steep declines, following the Federal Reserve's gloomy outlook and weak manufacturing data from China. Ref. CNN
Despite a relatively calm Friday on Wall Street, stock markets closed out a brutal week as investors lost faith in economies and political leaders around the world.
The Dow Jones Industrial Average, falling more than 6% since Monday, suffered its worst week since October 2008.
Meanwhile, clouds continued to gather over Europe, as doubts over the solvency of Greece and European banks mounted and European officials failed to take substantive steps. Ref. CNN