Continued to post steep weekly Losses

The NASDAQ stock market ended the rather good week on Friday, 12 September 2008. But it continued to post steep weekly losses throughout the week. The NASDAQ closed on 2261.27 with an upward increase of 0.14%. The NASDAQ stock exchange lost 4.7% for the week. The DOW lost 2.8% on the week. The S&P 500 index also lost 0.4 to end the week on 1,242. The crude oil prices continued to gain and loss all week long. The technology sector shares were the NASDAQ top gainers. Gains were also impressive in the energy and materials sector. The financial sector continued to disappoint the investors and was also the Biggest NASDAQ loser. This week's biggest NASDAQ gainer was perhaps the consumer staples sector. It has further advanced 2.6% week to date.