Saturday, October 11, 2008

Dow's Worst Week Comes to an End

(Wall Street Journal) Stocks endured the widest intraday swing on record, in a fitting end to one of the most turbulent weeks in financial history.

For the first time in its 112-year existence, the Dow Jones Industrial Average swung in a range of more than one thousand points on an intraday basis. The blue-chip gauge had dropped sharply in early trading, falling nearly 700 points and dropping through the 8000 level for the first time in five years. But stocks quickly came off their lows, and by the afternoon the industrials jumped more than 300 points.

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