Stocks skid further on fiscal worry

By IBTimes Staff Reporter | January 29 2010 3:56 PM

Stocks slid sharply on Friday, sending the benchmark S&P 500 down more than 1 percent during the last half-hour of the session as investors pared back exposure to riskier assets amid worries about fiscal turmoil in Europe.

Sponsorship Link

The Dow Jones industrial average <.DJI> dropped 24.41 points, or 0.24 percent, to 10,096.05. The Standard & Poor's 500 Index <.SPX> lost 7.60 points, or 0.70 percent, to 1,076.93, after hitting an intraday low at 1,071.59. The Nasdaq Composite Index <.IXIC> fell 26.66 points, or 1.22 percent, to 2,152.34.

(Reporting by Ellis Mnyandu; Editing by Jan Paschal)

More in Equities

Wall Street rallies as Apple soars, Fed on hold

Wall Street holds gains after Fed statement

FTSE rises as investors eye FOMC, shrugs off GDP data

Apple blowout quarter stokes Wall Street

In Depth

Earth To Appear As A ‘Pale Blue Dot’ In A Photo From Saturn’s Neighborhood, Courtesy Of NASA’s Cassini

Cassini To Snap Earth From Saturn’s Neighborhood

Superman As Hindu God? Another East-West Culture Clash

Superman As Hindu God? Another East-West Culture Clash

Phone Companies In State Prisons Charge Inmates Exorbitant Prices, Give Jails Kickbacks, Group Finds

Why Calls In State Prisons Cost So Much

Italy’s Overcrowded Prisons: A Growing Tragedy Of Epic Proportions

Italy’s Overcrowded Prisons: A Tragedy Of Epic Proportions

web counter