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How the major stock market indexes fared Friday June 20th 2008

Written by Subject: Economy - Economics USA
How the major stock market indexes fared Friday
Stocks tumbled Friday amid escalating worries about the financial and automotive sectors and rebounding oil prices. The major indexes fell by more than 1 1/2 percent, and the Dow Jones industrial average ended at under 12,000 for the first time since mid-March. A downgrade of automakers helped draw sellers into the stock market.
 
The Dow Jones industrial average fell 220.40, or 1.83 percent, to 11,842.69.
 
The Standard & Poor's 500 index fell 24.90, or 1.85 percent, to 1,317.93.
 
The Nasdaq composite index fell 55.97, or 2.27 percent, to 2,406.09.
 
For the week:
 
The Dow is down 464.66, or 3.78 percent.
 
The S&P is down 42.10, or 3.10 percent.
 
The Nasdaq is down 48.41, or 1.97 percent.
 
For the year:
 
The Dow is down 1,422.13, or 10.72 percent.
 
The S&P is down 150.43, or 10.24 percent.
 
The Nasdaq is down 246.19, or 9.28 percent.
 

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