Saturday, February 21, 2009

Business Update: A rough week


Business Update: A rough week

February 20.- Stocks grinded lower on Friday, finishing a 6 percent weekly decline, as investors fear bank nationalization may be inevitable.

The Dow fell 100 points to 7,365. The S&P 500 lost 8 points to 770. The Nasdaq shed a point to 1,441. Gold futures closed above $1,000 an ounce.

Conway Gittens reports from New York.

Speaker: Paul Volcker, key adviser to President Barack Obama

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