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Stock impact report

Inside the Dow's darkest week since 2008 [CNN]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: CNN
The Dow's darkest week since 2008 The Dow is having its worst week since the financial crisis. Fears about inflation and soaring bond yields have sent the Dow plunging 6.5% through the first four trading days of this week. That would be the steepest decline in any week since October 2008. The selling on Wall Street spread to Asia overnight as stocks dropped in China and Japan . European stocks also retreated on Friday. The good news is that Dow futures are signaling a modestly higher open at the end of an ugly week. After losing a record 1,175 points on Monday, the Dow tumbled 1,033 points more on Thursday . It landed in a correction, a 10% decline from previous highs. The S&P 500 has shed 6.6% this week, its second-worst since 2008. All the Nasdaq's gains for the year have been wiped out. The market turmoil follows a prolonged period of booming stock prices with virtually no sharp declines. Such a rapid rise is unusual, and market analysts long warned that a pullback was overdue. "Th Show less Read more
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