Friday Stocks Slide on Concerns about Dubai Debt Fallout

Dow loses 154 points to land at 10,309.

NEW YORK (AP) — Stocks tumbled as concern swept world markets that financial trouble in the Middle Eastern city-state of Dubai will upend a global economic recovery.
Major stock indexes have fallen from 13-month highs in a shortened trading day Friday on worries about debt problems at Dubai’s primary investment arm.
Investors’ broad retreat from riskier assets pushed Treasury prices higher. The dollar gained against most other major currencies, while commodities stumbled.
The Dow Jones industrials are down 155 at 10,310. The Standard & Poor’s 500 index is down 19 at 1,092. The Nasdaq composite index is down 38 at 2,138.
Five stocks fell for every one that rose on the New York Stock Exchange. Volume totaled 649.8 million shares.

Leave a Reply

Your email address will not be published. Required fields are marked *

Before you post, please complete the prompt below.

(Not a trick question) What color is the pink house?