Dow Ends Worst Week; Gov't To Buy Bank Stocks

Dow Falls 700+ Points At Open, Then Recovers POSTED: 4:53 am EDT October 10, 2008 UPDATED: 7:26 pm EDT October 10, 2008 Wall Street capped its worst week ever with a wild session Friday that saw the Dow rocket within a 1,000 point range before closing with a relatively mild loss and the Nasdaq composite index actually end with a modest advance. The Dow lost 128 points and finished the day at 8,451, a relatively mild drop after the blue chips fell 2,271 during the previous eight trading days. The Dow had its worst week ever, as did the Standard & Poor's 500 index. Investors have spent much of the past month agonizing over a credit market that remains frozen, posing a threat to the economy. But Friday's gainers included financial stocks, the ones most decimated amid the ongoing banking and credit crisis. After dipping below the... [read full story]