Stocks Fail to Hold Thursday’s Gains
Source: http://Blog.QualityStocks.net/?p=13855Posted on Friday, November 14th, 2008 | In Small & Micro Cap
Contributed by: QualityStocks (http://QualityStocks.net) -
In a display of erratic trading, just a day after one of the biggest rallies on record, indices were hit hard toward the end of the session. The Dow closed at 8,497, falling 337 points, or 3.82 percent. Losses were even more pronounced on the Nasdaq, which dropped five percent. A possible contribution to the afternoon’s disruption came from Federal Reserve Chairman Ben Bernanke, who remarked that the markets continue to exhibit “severe strain”.
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