US stocks extend huge losses over credit concerns

NEW YORK (AP) — Wall Street extended its devastating losses Friday, but prices swung sharply as investors scooped up shares decimated by more than a week of intense and panicked selling. The Dow Jones industrials, down nearly 700 points in the opening minutes of trading, recovered to an advance of more than 100 before turning sharply lower again, and the other major indexes fluctuated sharply as well. Perplexity “…upon the earth distress of nations, with perplexity…” Root of All Evil “For the love of money is the root of all evil…..” —1 Timothy 6:10a Frozen credit markets and a loss of confidence in the world’s financial system have caused the Dow to drop 21 percent in just 10 trading days. The blue chip index tumbled 678 points Thursday, and is heading to its worst weekly point drop, and one of its biggest weekly percentage... [read full story]