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Updated from 4:09 p.m. EST
Stocks started off 2008 on a sour note Wednesday, continuing the slide that ended the previous year, owing to a weaker-than-expected read on manufacturing activity and another surge in oil prices.
The Dow Jones Industrial Average sank 220.86 points, or 1.67%, to 13,043.96 and for a time was below 13,000. It was the worst point decline for the Dow at the start of any trading year. All but one of the Dow's 30 components traded lower, paced by a 4.9% loss in shares of Intel (INTC Quote).
At the same time, the S&P 500 was off 21.20 points, or 1.44%, to 1447.16, and after opening higher, the Nasdaq Composite lost 42.65 points, or 1.61%, to 2609.63. It was the fourth straight decline for the tech-heavy Nasdaq. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
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