US STOCKS-Dow, S&P 500 end lower on credit woes

Fri Oct 10, 2008 4:17pm EDT
 
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(Updates to 4 p.m.)

NEW YORK, Oct 10 (Reuters) - The Dow and the S&P 500 fell for an eighth day on Friday, as a dramatic late-day comeback stalled out to cap the worst week ever for the S&P 500 amid more anxiety about the condition of credit markets and the threat of a global recession.

Based on the latest available data, the Dow Jones industrial average .DJI was down 128.00 points, or 1.49 percent, to end unofficially at 8,451.19. The Standard & Poor's 500 Index .SPX dropped 10.70 points, or 1.18 percent, to close unofficially at 899.22.

The Nasdaq Composite Index .IXIC inched up 4.39 points, or 0.27 percent, to finish unofficially at 1,649.51.

For the week, both the Dow and the S&P 500 finished down 18 percent, while the Nasdaq unofficially slid 15.3 percent. (Reporting by Ellis Mnyandu; Editing by Jan Paschal)

 
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