
The holiday-shortened week was mired with erratic trading. After Tuesday’s surge of more than 1% throughout the major indices, the remainder of the week witnessed the markets take huge losses. The Dow plunged more than 2% late in the week, posting its worst day since the end of October. Trading was affected by several disheartening economic reports.
The DOW closed the week lower, falling 436.67 points, or 4.1%, to close at 10,172.98. The S&P also finished the week in the red, slipping 44.28 points, or 3.9%, ending at 1,091.75. The NASDAQ concluded the week down, declining by 82.80 points, or 3.6%, to close at 2,205.29.
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