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Updated from 3:52 p.m. EDT
Stocks in New York tumbled Friday as traders fretted that a funding crisis at Bear Stearns (BSC Quote) could mean more trouble is yet to come for the financial sector.
The Dow Jones Industrial Average slumped 194.65 points, or 1.6%, to 11,951.09, and the S&P 500 dropped 27.34 points, or 2.1%, to 1288.14. The Nasdaq Composite sank 51.12 points, or 2.3%, to 2212.49.
The declines ensured the erasure of all of the gains from a massive rally Tuesday , when the Federal Reserve's plan to inject $200 billion worth of liquidity into the market sent the Dow up more than 400 points. For the week, the Dow lost 2.6%, and the S&P sank 0.4%, though the Nasdaq managed to roughly break even. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,270.02 | 1,088.86 | 2,163.05 | 33.77 |
Oil *
75.40
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DOWN
15.95
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DOWN
3.07
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DOWN
9.94
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DOWN
0.15
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10 Yr
3.38%
SPDR Gold
111.56
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-0.16%
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-0.28%
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-0.46%
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-0.44%
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