Dow worst week in 9 years

 |  Thomas Franck | Alexandra Gibbs  02/09/2018 9:39 AM MST
DOW Jones
Credit: Public Domain

U.S. stocks struggled for gains Friday as the Dow Jones industrial average headed for its worst week since October 2008.

The Dow slipped 12 points at 11:23 a.m. ET after briefly falling more than 200 points, with Johnson & Johnson and Microsoft attempting to offset laggards such as Boeing and Goldman Sachs. The S&P 500 and the Nasdaq composite were up 0.1 percent and 0.05 percent respectively as information technology outperformed the broader stock market.

Shares of Apple, Facebook and Alphabet were all up on the day.

Click here for the latest index numbers in this volatile session.

The Dow dropped 1,032 points Thursday, its second drop of that magnitude this week.

The recent turmoil in equities began last Friday, when the Dow fell 666 points after a better-than-expected jobs report ignited inflation fears. That fall was exacerbated Monday after the yield on the benchmark 10-year Treasury note hit a 4-year high, sending the Dow tumbling another 1,175 points as investors grew more nervous about an overheating economy.

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