Market Snapshot: U.S. stock indexes looking at weekly losses of 20% and more

tocks slide sharply amid shattered confidence Dow industrials recover from earlier plunge that pushed index below 8,000 NEW YORK (MarketWatch) -- U.S. stocks on Friday plunged for an eighth straight day in a wild trading session that saw the Dow Jones Industrial Average fall more than 500 points three times to under 8,000 only to battle back as fears escalated that the trauma in the credit markets could be paving the way toward a global recession. Video: Hot Stocks Report: Market Meltdown The Dow Jones Industrial Average fell below 8,000 for the first time since 2003 before regaining some of its footing. The volatile reversal came on the heels of huge losses overseas. MarketWatch's Steve Gelsi reports. (Oct. 10) The Dow industrials were recently off 511.34 points, or 5.9%, at 8,067.85 with 28 of its 30 components trading... [read full story]