NEW YORK - The Dow Jones industrial average had its first triple-digit drop of 2010 as mounting losses from loans at JPMorgan Chase & Co. and a disappointing consumer sentiment reading sent investors rushing from stocks.
Financial stocks led the market lower Friday, pulling major stock indexes down about 1 percent from 15-month highs. The Dow lost almost 101 points, its steepest drop since Dec. 31. Interest rates fell in the bond markets as investors bought Treasurys in search of safety.
If you celebrated stocks going up as a sign of recovery, do you currently view this as a bad omen for our economy?
Asked by Anonymous at 8:09 PM on Jan. 15, 2010 in Politics & Current Events
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