NEW YORK - The Dow Jones industrial average fell more than 100 points on Friday, as shares of JPMorgan Chase & Co. fell to a fresh low amid worries about high oil prices and turmoil in the credit markets.
On Friday, the Dow Jones industrial average lost 106.91 points to finish at 11,346.51, with 22 stocks declining.
In the past two days, the Dow has fallen nearly 460 points and hit its lowest point since September 2006. The major indexes all were down more than 3 percent for the week.
Shares of JPMorgan declined $1.27, or 3.5 percent, to $35.05, after hitting $34.20 earlier in the day--a two-year low.
Shares of Procter & Gamble Co. declined $1.76, or 2.8 percent, to $60.49--a 52-week low.
Shares of United Technologies Corp. declined $1.64, or 2.6 percent, to $61.15, and shares hit $61.05, a 52-week low, earlier in the session.
On the rising side, drug maker Merck & Co. rose 78 cents, or 2.2 percent, to $36.98, following news that its drug candidate telcagepant significantly reduced migraine pain and symptoms when compared to a placebo in a late-stage clinical trial.
Shares of General Motors Corp. rose 12 cents to $11.55 after declining sharply earlier in the week.
Shares of Pfizer Inc. fell to an 11-year low of $17.12 early in the session but rose 11 cents to close at $17.28.

Republican John McCain and Democrat Barack Obama are heading into the third and ...
Joey Chestnut set a new fast-eating record when he ate 45 pizza slices in 10 min...
Oil prices rebounded from a 13-month low to rise above $81 a barrel Monday in As...


Get your next web design project done with our los angeles web design team - Best web design with great price.