(October 3, 2008)—Stocks headed downward and credit markets remained stressed Friday afternoon after President Bush signed the $700 billion financial rescue package that the U.S. House approved a short time earlier.
Investors still have plenty of economic worries, underscored by the Labor Department report telling of 159,000 jobs lost last month.
The Dow fell 157 points to 10,325, down 7 percent for the week.
The S&P lost 15 points to 1,099.
The Nasdaq composite fell 29 points to 1,947.
Declining issues held a nearly 2-to-1 lead over advancers.
Some 6.4 billion shares changed hands on the NYSE.
Nasdaq stock market volume was 2.5 million shares.
Light, sweet crude for November delivery fell 9 cents to settle at $93.88 a barrel on the New York Mercantile Exchange.
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