MARKET ALERT
from The Wall Street Journal.
The Dow Industrials dropped 2.5%, or more than 315 points, as an ugly earnings report from insurance giant American International Group brought investors' concerns about the health of the credit markets back to the fore. AIG fell 6.6%, and shares of other bellwether financial firms like Citigroup, Bank of America, Lehman Brothers and Morgan Stanley suffered steep declines. The Dow ended the week lower by 0.9% and fell 3% during February.
The Nasdaq Composite Index and the S&P 500 Index also saw deep slides on Friday, ending down by 2.6% and 2.7%, respectively.
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