Volatile Week in NASDAQ Stock Market

The NASDAQ stock market ended the rather brutal week on Friday, 3 October 2008, with President Bush signing the historic $700 billion bailout plan after weeks of contentious debate. The NASDAQ closed on 1947.39 recording an overall decrease of -1.48%. For the week, the Dow is off 5.8% and the S&P 500 has shed 7.9%. Worse yet, the NASDAQ has dropped 9.1% week-to-date. The Dow fell 157.47, or 1.50 percent, to 10,325.38 after rising more than 310 points. Energy and materials are the biggest NASDAQ losers as well as the worst performing economic sectors this week. Both are down nearly 10.7% this week. The dollar slipped against most other major currencies, while gold prices fell.