Dow Slides 162 – 5/14


The Dow capped a rocky week with a triple-digit loss Friday as worries over the growing European debt crisis trumped some encouraging U.S. economic data.

Still, all three indexes up more than 2 percent for the week.

The Dow Jones Industrial Average shed 162.79, or 1.5 percent, to close at 10.620.16.

The S&P 500 and Nasdaq lost 1.9 percent and 2 percent, respectively. And the CBOE volatility index, widely considered the best gauge of fear in the market, popped above 30, after falling to near 20 in the past few sessions.

For the week, the Dow gained 2.3 percent, the S&P added 2.2 percent and the Nasdaq shot up 3.6 percent.

(Source: CNBC)