The eyes and ears
of the financial world were glued to the corner of Broad and Wall Streets on
Friday. The granddaddy of the U.S. stock
market indexes, the Dow Jones Industrial Average,
plunged over 500 points for the day and lost over 1,000 points for the week.
The Dow moved into correction mode – a drop of 10 percent or more from a
previous high. As the Dow’s decline picked up speed on Friday, the news
coverage became more somber.
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