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Dow Slides Below 10,000, Nasdaq Plunges 2.9%. Stocks plunged Friday, shoving major market gauges toward the biggest weekly losses since the aftermath of the Sept. 11 attacks, as dreary forecasts from companies intensified fears of a tepid recovery in corporate profits. Stocks plunged Friday, shoving major market gauges toward the biggest weekly losses since the aftermath of the Sept. 11 attacks, as dreary forecasts from companies intensified fears of a tepid recovery in corporate profits. Investors ignored news that the economy snapped back in the first quarter, sending the Dow Jones industrials below 10,000 for the first time in more than two months. Tech stocks had the biggest losses in volatile trading, with the Nasdaq composite index closing at levels not seen since October. The Dow closed down 124.34, or 1.2%, at 9910.72. The index last closed lower on Feb. 21, when it stood at 9834.68. The technology-centered Nasdaq plunged 49.81, or 2.9%, to 1,663.89 ¡ª the lowest finish since Oct. 18 when the index 1,652.72. The Standard & Poor's 500 index dropped 15.16, or 1.4%, to 1,076.32. The decline capped a dismal week for stocks, and extended a losing streak that has seen the Dow fall six out of the last eight sessions, and the Nasdaq, seven out of eight. For the week, the Dow fell 3.4%; the blue chips have now closed down five of the last six weeks amid investors' ongoing disillusionment with company earnings and outlooks. The Nasdaq lost 7.4% for the week. It last closed lower on Oct. 31, at 1,059.78. The S&P lost 4.3% over the week. **** . . Matter in Motion through Space and Time ... http://www.egroups.com/group/Communist-Internet ] [Subscribe: [EMAIL PROTECTED] ] . . --------------------------- ANTI-NATO INFORMATION LIST ==^================================================================ This email was sent to: archive@jab.org EASY UNSUBSCRIBE click here: http://topica.com/u/?a84x2u.a9617B Or send an email to: [EMAIL PROTECTED] T O P I C A -- Register now to manage your mail! http://www.topica.com/partner/tag02/register ==^================================================================
