Wall St. Suffers Worst Day in Two Years



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Topic: Politics > Politics-USA
User: "Harry Hope"
Date: 16 Apr 2005 09:11:14 AM
Object: Wall St. Suffers Worst Day in Two Years
From The Associated Press, 4/15/05:
http://story.news.yahoo.com/news?tmpl=story&cid=543&ncid=749&e=1&u=/ap/20050416/ap_on_bi_st_ma_re/wall_street
Wall St. Suffers Worst Day in Two Years
By MICHAEL J. MARTINEZ, AP Business Writer
NEW YORK -
Wall Street suffered its worst single day in nearly two years Friday,
with the Dow Jones industrial average falling 191 points for its third
straight triple-digit loss.
Deepening concerns over economic growth and higher prices led to the
worst week of trading since August.
An already uneasy market began the biggest one-day selloff since May
19, 2003, after the Federal Reserve reported drops in manufacturing
and other industrial production, and a Labor Department report showed
higher oil costs driving up import prices.
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Harry
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