October 24, 2008
All three indices lost more than three percent on Friday, as the NASDAQ dropped for the fourth day in a row. Although the DJIA and the S&P500 had only three down days this week, they dwarfed the gains of Monday and Thursday. As a result, the indices fell this week, after ending up the week before.
While the NASDAQ fell four times in the past five weeks, the current -9.31 percent loss is not as bad as the -15 percent and -10 percent drops earlier this month. Moreover, it is smaller than the record -25 percent loss of April 2000, and overall ranks as the eighths worst week in its history.
The S&P500s Friday-to-Friday fall of -6.79 percent is also the fourth loss in the past five weeks, and ranks as its 11th worst weekly result since 1950. Similarly, the DJIA fell for the fifth time in six weeks, and its -5.34 percent loss is far down in the size list.
DJIA -3.60 percent
NASDAQ -3.23 percent
S&P500 -3.45 percent