The Dow Jones industrial average fell more than 200 points for its worst day in four months.
Disappointing results from three giants of the Dow — Microsoft, General Electric and McDonald's — were to blame. The broader market fell, too.
The Dow sank 205 points, or 1.5 percent, to close at 13,344 Friday. The Standard & Poor's 500 fell 24, or 1.7 percent, to 1,433.
The Nasdaq composite index, hammered by a second ugly day for Google, lost 67 points to 3,006, a 2.2 percent decline.
The declines were broad. Four stocks fell for every one that rose on the New York Stock Exchange. Volume was relatively heavy at 3.8 billion shares.
Post a Comment