Wall Street’s worst week ever

Posted on October 10, 2008. Filed under: -- Building Wealth, -- Economic Week In Review | Tags: , , , |


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Economic Week in Review: Wall Street’s worst week ever
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It was a week most investors would rather forget.
Despite continuing efforts to restore a semblance of serenity in the
financial markets, the global economic crisis only deepened this week,
and investors’ confidence seemed to diminish by the hour. When the
closing bell finally rang Friday–a day of spectacular swings–the
Standard & Poor’s 500 Index was down an historic 18.2% for the week
to 899.22 (for a year-to-date total return of –38.0%). The yield of
the 10-year U.S. Treasury note rose 22 basis points to 3.86%
(for a year-to-date decrease of 22 basis points).

To read Vanguard(R) Economic Week in Review in its entirety, go to:
http://www.vanguard.com/visit/econweek101008

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