Capping a week of historically disastrous proportions, stocks on Friday continued their freefall in the wake of the deadly Sept. 11 terrorist attacks on the U.S., with all major exchanges and indexes adding to already deep losses.
Friday’s session opened with stocks dropping precipitously, with the Nasdaq briefly falling below 1400 and the Dow Jones threatening to dip below 8000. After a late-morning rally fizzled, stocks staggered to the closing bell, with a modest surge in the final hour cutting some of the day’s losses.
The Dow ended Friday down 140.4, or 1.7%, to 8236, while the Nasdaq lost 47.8, or 3.3%, to finish at 1423. The S&P fell 20.2, or 2.1%, to 964, and internet.com’s Internet Stock Index, or