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AP - Wall Street capped one of its worst weeks ever with a wild session Friday that saw the Dow Jones industrials rocket within a 1,000 point range before closing with a relatively mild loss and the Nasdaq composite index actually end with a modest advance. Investors were still agonizing over frozen credit markets, but seven days of massive losses made many stocks tempting for traders looking for bargains.
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AP - The stunning collapse in oil markets accelerated Friday, sending a barrel of crude plunging below $78 as investors grow more pessimistic about resolving a mushrooming global economic crisis.
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Reuters - Finance leaders from the world's rich nations struggled on Friday to agree on a unified approach to cure a credit crisis that threatens to trigger a deep global recession.
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AP - Prices at the pump are dropping fast, and gas could fall below $3 a gallon in a matter of weeks, if not sooner. Does that mean Americans will return to their heedless, gas-guzzling ways?
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Reuters - Oil prices dropped more than 10 percent on Friday and touched 13-month lows in a global flight from risk amid concerns of a worldwide recession and further signs of slumping energy demand.
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Reuters - The Dow and the S&P 500 dropped for an eighth session on Friday, as a dramatic late-day comeback stalled out to cap the worst week ever for the S&P amid more anxiety about the condition of credit markets and the threat of a global recession.
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Reuters - The shares of JPMorgan Chase & Co , Bank of America Corp and other banks rose Friday, in stark contrast with former investment banks Goldman Sachs Group Group Inc and Morgan Stanley . |
AP - Energy stocks plunged Friday as crude and natural gas prices dropped to levels not seen in more than a year. |
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