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Worst Week for Wall Street Ends on Another Down Note

By: Associated Press
By: Associated Press

NEW YORK -- Wall Street has capped its worst week ever.

The Dow Jones industrials closed with a relatively mild loss, losing 128 points. The blue chips had an eight-day loss of just under 2,400.

The average had its worst week on record in both point and percentage terms, as did the Standard & Poor's 500 index, which dropped 1.18 percent Friday. The tech-heavy Nasdaq composite index
actually ended the day with a modest advance.

But there are signs that some investors might believe the market is at or near a bottom. Many people are clearly buying. And the Russell 2000 index, which tracks the movements of smaller company stocks, had a 4.66 percent gain Friday.

Small-cap stocks are often first on investors' shopping lists when they think a market turnaround is at hand.


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