• Most Popular
  • Most Shared

US STOCKS-Wall Street sinks on Black Monday's anniversary

Fri Oct 19, 2007 4:13pm EDT

(Updates to 4 p.m.)

Stocks  |  Bonds

NEW YORK, Oct 19 (Reuters) - Caterpillar Inc.'s warning that the housing slump was infecting the wider economy sent U.S. stocks tumbling by the most in more than two months on Friday, spooking investors on the 20th anniversary of the 1987 market crash.

Based on the latest available data, the Dow Jones industrial average .DJI was down 366.94 points, or 2.64 percent, to end unofficially at 13,519.83. The Standard & Poor's 500 Index .SPX was down 39.45 points, or 2.56 percent, to finish unofficially at 1,500.63. The Nasdaq Composite Index .IXIC was down 74.15 points, or 2.65 percent, to close unofficially at 2,725.16.

For the week, the Dow fell 4.1 percent, the S&P lost 3.9 percent and the Nasdaq shed 2.9 percent.



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article