U.S. stocks slammed in February

[Italkcash Newsfeed]

U.S. stocks sunk further in February, with the Dow Jones Industrial Average down for a sixth consecutive month, as the recession and ailing financial system had investors fleeing stocks. The Dow Jones Industrial Average fell 119.15 points, or 1.7%, to 7,062.93. The blue-chip index declined 4.1% for the week and 11.7% for the month. The S&P 500 shed 17.74 points, or 2.4%, to 735.09, leaving it with a weekly loss of 4.5% and a monthly hit of 11%. The Nasdaq Composite fell 13.63 points, or 1%, to finish at 1,377.84, down 4.4% for the week and 6.7% for February. Investors are moving into other type of investments like Gold, Silver and commodities. Guld could be the next big thing.


The Doc