Investors found little reason to move money into stocks, faced with the possible end to Federal Reserve stimulus, growing geopolitical concerns in
For the last two years, investors have generally wanted to step in to buy any major fall in the stock market, traders said, causing any sell-off to be met the following day with modest buying. Traders said that the selling Friday, on top of what happened the day before, is not a good sign.
"The follow-through from yesterday's (market drop) is very telling," said
On Friday the Standard & Poor's 500 index lost 5.52 points, or 0.3 percent, to 1,925.15. The index fell 2.7 percent this week, its worst weekly performance since
The Dow Jones industrial average fell 69.93 points, or 0.4 percent, to 16,493.37. That's on top of the 317-point drop the index had on Thursday. The Nasdaq composite fell 17.13 points, or 0.4 percent, to 4,352.64.
Energy and financial stocks were among the biggest decliners.
Banking stocks also fell.
In other trading, the yield on the 10-year Treasury note fell to 2.49 percent and the price of gold rose
The price of oil fell to the lowest level since
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