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Dow lost 1,300 points this week [CNN]

BANK of NEW YORK MELLON (BK)  More Company Research Source: CNN
Last bank of new york mellon earnings: 4/19 06:30 am Check Earnings Report
PDF Dow caps insane week with 330-point bounce Wall Street capped a week of violent swings with a big gain. The Dow climbed 330 points on Friday in another extremely turbulent day of trading. At one point the index was down 500 points. At another it was up 500. Fears about inflation and soaring bond yields drove the Dow down about 1,300 points on the week. The 5.2% sell-off was the worst weekly decline in two years. All week, the market gyrated between large gains and even larger losses . There were two 1,000-point declines for the Dow, as well as the index's fourth-biggest gain ever . "We've gone from very calm to very volatile in a short period of time," said Matt Forester, chief investment officer at BNY Mellon's Lockwood Advisors. Had the Dow lost any ground on Friday, it would have been the index's worst week since October 2008, during the financial crisis. "The trigger has been the really fast rise in bond yields," said Evan Brown, director of asset allocation at UBS Asset Managemen [Read more]

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