Another Weak Week - NBC 7 San Diego

Another Weak Week



    Another Weak Week
    More bad news on Wall Street Tuesday.

    Stock prices ended another volatile week on Friday with sizable losses. The declines came after the Commerce Department reported the biggest monthly drop in retail sales during October.

     A sharp sell-off in the last half hour sent the Dow Jones industrial average down by 337.94 points to 8497.31. The NASDAQ composite index lost 79.85 points to 1516.85 and the S&P 500 stock index dropped 38.00 points to 873.29.
    For the week, the NASDAQ was down 7.9 percent, the Dow fell 5.0 percent and the S&P 500 lost 4.2 percent.
    Among San Diego stocks: Price Smart fell $1.19 to $13.47; Sempra Energy was down $2.38 to $42.09; and, Qualcomm lost $1.88 to $32.94.
    A sharp decline in auto sales - down 5.5 percent - pushed overall retail spending down 2.8 percent last month. The numbers were also impacted by a sharp decline in oil prices.
    Oil followed stocks lower again on Friday. Crude closed at $57.04 a barrel, down $1.20. For the week oil was down 6.6 percent.