Dow has worst week since Depression

U.S. stocks slumped for the eighth consecutive day last Friday, and the Dow Jones Industrial Average made the worst single-week performance since the Great Depression as investors struggled to assess the likely impact of the terrorist attack on economic growth and earnings. The U.S. stock market shed $1.38 trillion in value during the last five sessions. The Dow Jones Industrial Average slumped 140.40 points, or 1.7 percent, to 8,235.81, ending the week down 14.3 percent. It was the steepest one-week decline since July 21, 1933 when the average slumped 15.5 percent. The eight-day string of losses is the longest consecutive slide since 1989. The Nasdaq Composite slumped 48 points, or 3.2 percent, to 1,423, and finished the week with a loss of 16 percent for its third-worst week ever. The S&P 500 shed 19 points, or 1.9 percent, to 966.

Related stock : (NIL)