Central banks stole the financial headlines on Thursday, although this time it wasn’t the Federal Reserve or the European Central Bank. [Read more…]
Two days after a 268-point or 1.5% decline, the Dow Jones Industrials lost another 316 points or 1.8% on Friday, bringing the full week’s decline to 678 points or 3.8%, the biggest one-week decline since 2011. Since the prior Friday’s 17959 close was an all-time high, the Dow is also 3.8% off its high. The S&P 500 fell 3.5% for the week (1.6% of it on Friday), and NASDAQ lost 2.7% (1.2%).