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Updated from 4:10 p.m. EST
Stocks in New York tumbled Friday amid more trouble in the financial sector and a fresh stack of sour economic reports.
The Dow Jones Industrial Average slid 315.79 points, or 2.5%, to 12,266.39, pulled down by a 6.6% drop in component AIG (AIG Quote) following the insurer's report of record fourth-quarter losses. The S&P 500 sank 37.05 points, or 2.7%, to 1330.63. The Nasdaq shed 60.09 points, or 2.6%, to 2271.48.
The plunge erased all of the gains stocks reaped over the past week, when the major averages had a rare three-session win streak, and contributed to the market's fourth monthly loss in a row. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
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DOWN
154.48
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DOWN
19.14
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37.61
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0.48
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10 Yr
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SPDR Gold
115.06
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-1.48%
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-1.72%
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