NEW YORK (Reuters) - The Dow Industrial average fell to a new low for the year on Friday as oil prices jumped to a fresh record and tech bellwether Microsoft Corp. (Nasdaq:MSFT - news) weighed on stocks after its revenue forecast lagged Wall Street expectations.
The Dow Jones industrial average (^DJI - news) dropped 110.90 points, or 1.12 percent, to 9,754.86. The Standard & Poor's 500 Index (^SPX - news) was down 10.87 points, or 0.98 percent, at 1,095.62. The technology-laced Nasdaq Composite Index (^IXIC - news) was down 38.60 points, or 1.98 percent, at 1,915.02, according to the latest data.
For the week, the Dow ended down 1.77 percent. The Nasdaq rose 0.19 percent, while the S&P 500 index fell 1.12 percent.
http://story.news.yahoo.com/news?tmpl=story&cid=580&e=1&u=/nm/20041022/bs_nm/markets_stocks_dcOuch. Stocks dropping, oil at record highs. 4 years of Bu$h is almost over. Can you imagine what another four years of Bu$h would do to the economy, and the country in general?
Unthinkable.